Iran Gov’t Scales Back Revenue Forecast From Divestments

The government’s income forecast from selling stakes in listed companies has declined sharply in the proposed 2022-23 budget.
It expects to generate 710 trillion rials ($2.3 billion) from its remaining stake in several companies during the next fiscal year that starts in March, ISNA reported.
The estimated amount is 25% or 240 trillion rials ($800m) less than the in the present fiscal year. It seems that the inability of the government to realize the projected revenue this year convinced budget planners to change course and refrain from setting ambitious revenue targets.