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Tag Archives: budget 2015

Iran plans to increase 23% tax revenue to $32 billion in budget 2015

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TEHRAN: The President of Iran, Hassan Rouhani proposed budget for the fiscal year in which increase in tax revenue of about 23 percent, to 870 trillion rials ($32 billion), mostly through expansion the tax base. “The pressure to tax these entities is because the government needs the money,” says Ali Dadpay, an Iranian-born economics professor at Clayton State University in ... Read More »

Malaysian govt aims at reducing fiscal deficit to 3% of GDP in 2015

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KUALA LUMPUR: The Malaysian government under 2015 Budget planned to reduce fiscal deficit to three per cent of the gross domestic product (GDP) next year. The government is expected to undertake measures to ensure that the country’s fiscal deficit will not worsen in 2015 due to the fall in crude oil prices. In a research note, RHB Research said the ... Read More »