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Iran Gov’t to Submit Iran's Next Budget on November 6

For the first time, oil revenues will not be used to fund the government’s current expenditure; they will be committed to development projects only. Other resources will be identified to address the needs related to running the government
Gov’t to Submit Iran's Next Budget on November 6 Gov’t to Submit Iran's Next Budget on November 6

The Plan and Budget Organization of Iran will submit the budget plan of state-run companies in the next fiscal year (March 2020-21) to the parliament on Nov. 6 and that of government public spending a month later, on Dec. 6, said the head of PBO, Mohammad Baqer Nobakht. 
Noting that several key reforms will be introduced in next year’s budget, Nobakht said, “For the first time, oil revenues will not be used to fund the government’s current expenditure; they will be committed to development projects only. Other resources will be identified to address needs related to running the government."
“Conducting a thorough review over tax base and hidden subsidies of energy will open up new potential revenue channels. Expanding the tax base is about creating more assets on the tax rolls. For example, capital gains tax and tax on total gross income of all members of households will be proposed among next year’s budget reforms,” he was quoted as saying by the Persian daily Donya-e-Eqtesad.

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