Iran: Bigger role for stock market in Gov’t funding

Financial Tribune – The government has concocted a bigger role for the stock market on the revenue side of the next fiscal budget (March 20-21), according to the CEO of Iran Fara Bourse, the junior stock market.

Taking stock of projections in the budget bill, Amir Hamouni pointed to 1,240.7 trillion rials (9.5 billion) in revenue the government expects by selling its financial assets.

The figure represents 27% of the total revenue of 4,840.5 trillion rials ($37 billion) seen in the budget, up from the 13% in the budget of the current fiscal year, IRNA reported.

Hamouni links the bigger figure to the gradually evolving change in the government’s approach to the debt market.