9035
23t Rials Allocated for Gov’t Debts to SSO
Economy, Business And Markets

23t Rials Allocated for Gov’t Debts to SSO

The government has allocated 23 trillion rials ($850 million at official exchange rates) in the next year’s budget bill to settle the debts it holds to the Social Security Organization (SSO), the head of the organization said.
The government currently owes the organization 600 trillion rials ($22 billion), most of which were the debts the previous government were piling up, Naghi Nourbakhsh noted.
In 2005, when Mahmoud Ahmadinejad came to office, the government’s debts to the organization stood at 37 trillion rials ($1.35 billion). The debts became nearly sixteen times as more when he was leaving office in 2013, according to ISNA.
Nourbakhsh admitted that it is not logically feasible to repay such massive debts in the course of a year or so, since President Hassan Rouhani has taken office. “However, the Rouhani administration would continue to repay parts of them each year.”

Short URL : http://goo.gl/9pRtRN

You can also read ...

Windfall Taxation on Gold Coin, Forex Trading
Government is to levy taxes on gold coin and foreign currency...
BMW, Mercedes Boxed in  by Tariff Battles
US President Donald Trump’s escalating trade spat threatens to...
Iran Could Join Russia’s Regional Payment Network
Russia is looking to establish a regional payment network in...
China Auto Firms to Set Up Ride-Sharing Platform
Chinese firms FAW Group, Dongfeng Automobile and Chongqing...
Challenges Ahead for Banking System
The chief executive of Bank Refah said limited overseas...
Exports From Fars Province Hit $1.3b
Exports from Iran’s southern Fars Province saw a 25% rise...
IMIDRO Concludes Largest Aerial Geophysical Survey
Iran’s largest mining holding has concluded the last stage of...
Non-Oil Exports From Shahid Rajaee Port Grow 3.8%
Non-oil exports from the southern Shahid Rajaee Port during...

Trending

Googleplus