Mohammad Baqer Nowbakht who was speaking in a press conference on Tuesday confirmed the figures of negative growth rate for the current year announced by the head of Chamber of Commerce and the Central Bank in the industry sector; “the staggering figure of minus 25 per cent growth has been communicated to the Cabinet; for the last 9 months, we have a positive growth in service and agricultural sectors of economy; however, tax revenues of government declined due to tax exemptions granted to productive sectors to help them stand the economic hardships,” Nowbakht told Mehr News correspondent. “In the fiscal year ending in March 21 2016, 92 per cent of government revenues from taxation will be realized. This is the least figure which we could predicts now,” he added.
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