وفایی امیر

Tehran, Dec.08 (SENA) - A financial activist and market analyzer holds that in the next year's budget, Iranian government has seen an special place for the capital market in fund raising terms such that speculated proceeds of financial instruments would most likely double in value.

In an interview with the Securities and Exchange News Agency , Amir Vafaei asserted: Although the revenues out of crude oil exports would plummet but the good news is that , proceeds of quoted  financial and Islamic instruments will double in value thanks to special attention budget planners have given to the salient role of the capital market in the economy. 

Rough estimates point at 800,000 billion Rials proceeds to be earned from offering of financial and  Islamic instruments which when compared to the last year's earnings of 4400,000billion Rial  depicts an important increase in just one year, he added.

"A major feature which next year's budget demonstrates is the cemented reliance of the government on the tax revenues .That being said , it is expected to cover over 75 percent of all public expenditures through tax revenues which a great development of Iran as an oil exporting country. "SENA quoted Vafaei as saying.

It is worth noting, the next Iranian fiscal year begins 20 March, with the advent of the Solar New Year. The budget is set to be about $40bn, some 20% higher than in 2019.

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