• time : 9:29:10
  • Date : Tue Jun 09, 2020
  • news code : 194523
We have to experience a non-oil budget this year
This morning, the Minister of Economic Affairs and Finance of Iran presented a report on the economic situation of the country to the members of the Islamic Consultative Assembly.

(SHADA: TEHRAN) -- Farhad Dejpasand stated in this report that in the budget law of the current Iranian calendar year (started on March 20), 61 thousand billion Tomans have been considered from the source of transfers for financing, and securing this figure from the capital market for reasons such as full transparency and competitiveness of this market is the best way.

Developments in the country's capital market last year and the first few months of this year showed that this market is a new capacity and a suitable corridor for financing the economy, he added.

The operating rate of the country's production capacities, according to estimates, is equal to 55%, and in order to fulfill the motto of the production leap, planning must be done in a way that this figure is increased to about 80%, the Minister of Economy stated.

We are not unaware of the conditions of the capital market and we are determined to deepen this market by increasing the initial public offerings by the government and the private sector, Dejpasand continued.

Considering the current situation and difficulties, we have to experience a non-oil budget in the true sense of the word this year. In such a situation, the main support of the government is financing through tax revenues, the Minister of Economy stressed.

Last year, the projected tax revenues were fully realized through the efforts made, despite all the problems, he added.

The Minister of Economy stressed that the Government-Private Sector Dialogue Council and its decisions are one of the most important levers for improving the business environment in the country, saying: We hope that with the cooperation of the Islamic Consultative Assembly and the Guardian Council, the Council's resolutions will have a stronger executive guarantee and we will witness its increasing impact on the country's economy.

The time required to go through the process of establishing a company and starting a business in the past was 73 days; but now anyone who wants to start a company can do so in just three days by visiting only one place, the single window of starting a business which includes six licensing agencies.

The Minister of Economy stated that with the development of the capital market in the country, large-scale enterprises can rely on it for financing, added: The banking system can finance small and medium-sized enterprises more freely.

He further noted that an important bill in the field of taxation has been prepared by the Ministry of Economy and is being considered by the relevant specialized commission in the government, which has undergone fundamental reforms in relation to direct taxes, tax bases and organizing tax exemptions.

We hope that this bill will be resolved as soon as possible and will be approved by the parliament soon and will be applied in next year's budget, he said.

One of our serious plans was to use the interaction of the government, the university, the private sector, and the parliament to regulate policies and laws; for this purpose, nine think tanks were organized, and we ask the parliament to introduce its representatives as soon as the parliamentary commissions are formed, Dejpasand emphasized.

Since last year, we have been seriously pursuing the generating income from government assets, he said, adding: Bank Sepah will offer Omid Investment Company by the end of Khordad this year and Bank Melli will offer Melli Development Group by the end of Tir in blocks and through auctions on the stock exchange.

About 55% of the country's inquiries are related to guild licenses, which are requested and delivered through the national portal for issuing licenses (g4b.ir), the Minister of Economy said.

The country's ranking in the international index of ease of doing business at the beginning of the 11th government was 152 and it has reached 127 in the 2020 latest report; With all the measures being taken, we expect the country's ranking to continue to rise in this index, he said.

In the end, the Minister of Economy said Iran's economy was affected by the outbreak of the coronavirus, as were other countries, and added: According to estimates, about 15% of the country's GDP during the outbreak of the virus was directly damaged, most of which is related to the service sector.

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