TEHRAN, Iran, Oct.19
Trend:
The Iranian government will continue to sell state-owned properties to prevent further budget deficit, said an economic expert, Trend reports citing ILNA.
The new administration is facing the rising budget deficit and seeks to find solutions to generate revenues that include the sale of state-owned properties, Mehdi Pazoki noted.
The government is to implement this solution in drafting the upcoming Iranian year (starts March 21, 2022) budget plan. The state-owned properties worth 70 trillion rials (about $1.666 billion) and their sale is expected to accumulate financial resources for expenses and prevent rising inflation.
The previous administration has offered shares of its state-owned companies for sale at the stock exchange based on Article 44 of Iran's Constitution on privatization as a solution for the budget deficit.
