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Stake Sale Big Part of Budget

Stake Sale Big Part of Budget
Stake Sale Big Part of Budget

The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget. 
As per the draft published by the Plan and Budget Organization, the government expects to generate 950 trillion rials ($3.8 billion) from selling assets in state-controlled companies. 
That is almost eight times the 115 trillion rials ($460 million) mentioned in this year’s budget. It appears the government's outperformance in realizing the projected income this year has boosted its confidence to earn more in the coming year. 

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