Business And Markets

Economy Ministry: Plans to Divest Hit a Snag

Economy Ministry: Plans to Divest Hit a SnagEconomy Ministry: Plans to Divest Hit a Snag

Government organizations refuse to abide by budgetary laws that call for relinquishing more than 60 trillion rials ($210 million) in assets, an official with the Economy Ministry said.  
Despite the chronic budget deficits, many administrative bodies have so far not contributed to the revenue projected in the March 2020-21 fiscal budget via property divestment, Fatemeh Dadgar, director of the ministry’s department for securities and government properties said. 
Almost 1,000 estates owned by the government are on the divestiture list for this year and worth an estimated 66 trillion rials, Fars News Agency reported. 


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