Balance for the Second Iranian Quarter

The Second Quarter Report

Central Bank of Iran presented the Government operational report for the second quarter of Iranian fiscal year, 22 June 2015 to 22 September 2015. Government has earned $9.4 billion, while spending $13.5 billion: a negative balance of $4.1 billion. About 70% of the Government’s income is made by direct ($3.9 billion) and indirect ($2.7 billion) taxation. Non-oil Trade balance remains positive $7.5 billion: Non-oil export (FOB) has been $33.6 billion, whereas import (FOB) amounts to $26.1 billion. Tehran Stock Exchange trades is worth $3 billion and the Government foreign debt is $5.5 billion. National workforce is 25.1 million and unemployment rate is %10.9: 19.9% for women and 8.9% for men.

Shops to use cashiers

Taxation makes 38% of the next Iranian fiscal year budget bill. To reach this goal, the Government must provide the necessary tools and infrastructure. Until now only chain supermarkets and few other places have been equipped with “regulated cashier machines”, which permit the Government to control sale bills and calculate their tax. Although such cashiers are common in developed countries, but in Iran still many shops do not provide any receipt against payment. In a week time, Iran Chamber of Guilds will start a universal coverage program called “Baran Plan” to equip all the shops with such cashiers.