The share of oil revenues in the government’s general revenues reduced from 46% six years ago (March 2012-13) to 34% last year (March 2016-17), Minister of Economic Affairs and Finance Masoud Karbasian said.
This has been made possible mainly as a result of increased tax revenues. President Hassan Rouhani’s economic strategy to reduce the dependency of the country’s finances on oil revenues has proved effective, as it is two years now the government is earning more through taxes than oil sales.
Chairman of Iranian National Tax Administration Kamel Taqavi-Nejad recently said the government earned 150% more from tax than from oil in the last fiscal year (March 2016-17).
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