Majlis Wants Gov’t to Include Bourse Support Structure in 2022-23 Budget 

Head of the Majlis Economic Commission in a letter to President Ebrahim Raisi called for incorporating 10 support measures designed to revive the struggling bourse in the fiscal 2022-23 budget.
“Given the sensitivity of the stock market to budget rules, the government should enshrine the [precise] support measures in the next budget via a supplementary draft to the budget,” Mohammadreza Pour Ebrahimi said, the Securities and Exchange News Agency reported. 
Experts say adding the support measures, announced recently by the government, in the budget law would create an obligation for the executive branch to deliver rather than give lip service and empty promises of improving the bourse to appease and attract investors as seen in the past.