Tehran Stock Exchange: Proposed Budget Benign for Capital Market

The Tehran Stock Exchange has released an analysis comparing the fiscal 2018-19 budget with a year before and budgetary forecast on the capital market performance for the year ahead. 
It says the government will go for a contractionary fiscal policy next year as it reduces borrowing from banks and the sovereign wealth fund, which should help  decelerate the massive liquidity and tame inflation.   
TSE says the government has estimated earnings from selling its financial assets at 510 trillion rials ($4.6 billion) – down 19.1% compared to the budget in the current fiscal that ends in March 2019.