Iran plans to inject 1,400 trillion rials in bank financing into its industrial and agricultural sectors, a senior economy ministry official said, as the government seeks to ease pressure on businesses amid difficult economic conditions.
Speaking at a meeting of the Government-Private Sector Dialogue Council in the central province of Yazd, Morteza Zamanian, deputy for economic steering and policymaking at the Ministry of Economic Affairs and Finance, said the funds would be channeled to the two sectors in the coming period.
Zamanian added that two to three tax relief packages were being prepared, allowing companies most affected by current conditions to defer tax payments for up to six months or use bonds and other financial instruments to postpone settlement.
He also said the ministry was working to reform regulations to improve the business environment, pledging to help remove cumbersome laws, bylaws and procedures through the government’s economic commission to reduce obstacles facing businesses and manufacturers.