The governor of the Central Bank of Iran reiterated that increasing interest rates is a compulsion.
Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi said on Monday that the country plans to increase tax revenues by 50% in the fiscal 2023-24.
In a new report, the World Bank has forecast Iran’s economic growth to slow down in the years to come.
Iranian administrative government has submitted a bill to parliament that outlines details of a state budget for the calendar year 1402 starting in late March.
Central Bank of Iran (CBI) figures show manufacturing activity in the country rose by 6.6% in the two quarters to late September last year compared to the same period in 2021.
A significant part of the 50% rise in tax income owes to high inflation, which is expected to remain above 40%.
The average annualized inflation in the ninth month of the current Iranian year (Nov. 22-Dec. 21) stood at 45%, the Statistical Center of Iran announced in a new report released on Thursday.
Iran’s economy grew by 3% in the first half of the current Iranian year (March 21-Sept. 22) compared with the similar period of last year, the Central Bank of Iran said in a report released on Dec. 22.
Iran’s gross domestic product (GDP) excluding oil grew 3.4 percent in the first six months of the current Iranian calendar year (March 21 – September 22) compared to the same period last year, according to the Statistical Center of Iran (SCI).
Central Bank of Iran (CBI) Governor Ali Salehabadi says the country’s economy grew by 3.6% in the quarter to September 22.