Government mulls granting special authorization to provinces 

TEHRAN – President Rouhani expressed hope on Tuesday that his government would pave the ground for granting budget allocation authorization to some provinces in the near future.

Nearly $7b paid for development projects in H1

TEHRAN- Head of Iran’s Planning and Budget Organization (PBO) said that 290 trillion rials (about $6.9 billion) has been paid for development projects in the country during the first half of the current Iranian calendar year (March 21-September 22), Tasnim news agency reported.

Govt.’s 4 strategies to compensate for budget deficit approved

TEHRAN- Iranian government’s four suggested strategies to compensate for budget deficit were approved during a session of Supreme Council of Economic Coordination presided by President Hassan Rouhani on Saturday, Fars news agency reported.

By Mahnaz Abdi

CGT for more productivity, less reliance on oil income

In order to reduce intention for investment making in non-productive sectors, many countries impose capital gains tax (CGT) which is a tax on capital gains with different rates of taxation for individuals and corporations.

PBO publishes general outlines on budget bill amendment

TEHRAN- Iran’s Planning and Budget Organization (PBO) has published a report titled “Budget Amendment Outline” including 23 major policies with cutting budget’s direct dependence on oil income as the major approach, IRIB reported on Monday.

‘Cutting budget dependency on oil revenues, top economic priority’

TEHRAN- Iranian Minister of Finance and Economic Affairs Farhad Dejpasand said that reducing the current year’s budget dependency on oil exports is the most important economic objective in the country, Mehr news agency reported.

Iran’s budget reliance on oil revenues down 30%: Jahangiri

TEHRAN- Iran has reduced its budget reliance on oil incomes to 30 percent through efforts made during the recent years, Iranian First Vice President Es’haq Jahangiri underlined.