The injection of 2300 billion Tomans for the plan to jump housing production/ tax share from the budget reached 32%
According to the economic reporter of Fars news agency, Seyed Masoud Mirkazemi told reporters today that the Housing Foundation wants a 100% increase in rural housing loans from 100 million tomans to 200 million tomans. MabeThethe difference The interest rate is from 5% to 18%, which if we want to fund it, it will increase the monetary base and lead to the banks overdrawing from the central bank, increasing the monetary base, and increasing liquidity and inflation with an increasing factor of 8 times.
He said: “According to the housing production jump law, which was promulgated in September of last year, any government support must be provided through the housing fund, even the subsidy for bank facilities must be done through this method, so it is not possible to jump the housing loan from 100 to 200 million tomans.” While the fund was empty at the time of delivery and no money had been deposited into it.
Mirkazemi also said that a part of the income from the sale of the assets of the Ministry of Roads was supposed to be deposited into the fund, which has not yet been done, or a part of the housing installments of Mehr was supposed to be deposited into the fund, which is 2,300 billion tomans. It is deposited into the fund.
He said: We are not going to increase the monetary base under any pretext and cause inflation. Also, in previous years, 20% of the income from the sale of oil and gas went to the National Development Fund, and this year, according to the law, 40% of the income goes to the National Development Fund.
The head of the country’s planning and budget organization also said: this year, the government must settle 180 hemats of bonds issued in previous years, that is, it pays 15 hemats per month for the settlement of bonds, while the bonds it publishes in the whole year will be 103 hemats, which is less than the expenditure. to settle it.
He also said that the total tax revenue for this year is estimated at 470 hemats, which is about 31.9% compared to the figure of 1470 hemats in the budget.
Mirkazemi also said: “Unfortunately, the country’s expenses have been increasing dramatically since 1991.KindThe country’s total expenditure has increased from 89 tons in 1991 to 1007 tons, that is, more than 10 times. This is despite the fact that, on the contrary, in the capital asset acquisition sector, the budget has decreased from around 30 to 40 percent to around 12 percent, in other words, capital acquisition credits have been reduced and current expenses have been added to current credits.
The head of the country’s planning and budget organization also said: when we took over the government, the inflation rate was 50%, this rate reached below 40% at the end of last year. The war in Ukraine and the increase in the global price of basic goods, as well as the change in the exchange rate from 4200 tomans to the Nimai currency, have caused cost pressure.
He said: In the customs duty department, the calculation of duties has increased from 4200 tomans to 25 thousand tomans, as a result of which there is a pressure on the cost of imported goods. On the other hand, the increase in the cost of labor, which was accompanied by a 57% increase in the minimum wage in the Supreme Labor Council.
Mirkazemi said about the increase in pensioners’ salaries: In the past 40 years, there was a vicious cycle in which salaries were increased, but on the other hand, they were faced with a deficit of resources, which forced them to create money and create inflation and decrease the value of money.
He said: Currently, 95 percent of the military and country funds receive salaries from the government instead of paying the pensioners themselves, that is, a person who retires also receives a good reward from the government, then he is introduced to the pension fund and sits at the government’s table there. And his pension is paid by the government.
The head of the country’s program and budget organization said about the increase in subsidies: Last year, the approved amount of subsidies was 8 billion dollars, but in practice, about 17 billion dollars of preferential currency was given. The plan to remove the preferred currency is not in use and MabeThethe difference The preferred currency of 4,200 tomans to 25,000 tomans is about 21,000 tomans, which is multiplied by 23 billion dollars, while the annual subsidy given by the government is 45 hamats, which means that the government will not have any additional income.
He also said: The government bought 4.5 million tons of wheat last year and this year, despite the drought, it has bought 7.5 million tons of wheat from domestic farmers.
Mirkazemi said about the electronic Kalaberg project: After the announcement of the budget, a price increase in basic goods happened due to the war in Ukraine and the increase in the price of basic goods in the world, for example, the price of oil increased from $900 to $2700 per ton, that is, it tripled, so this The war created problems for all countries in the world. Countries that did not have inflation for 40 years suffered from imported inflation.
He said: “During the budget period, the third increase in the price of basic goods did not happen, so the government asked the parliament to provide resources for it in the form of an amendment to provide the budget to the parliament to provide resources to compensate for this price increase.” The exchange rate of basic goods increased from the preferred currency to the nominal currency.
He said: “The government pays 27.5 to 28 hemat subsidies per month to basic goods other than bread and medicine subsidies, and 150 hemat subsidies for bread and medicine, which adds up to 450 hemats per year, while the difference in the preferential exchange rate is less than half of this figure. .
Mirkazemi also said: Last year, the government paid 200 hemats for construction projects. The government, which was said to be able to pay employees’ salaries, gave 200 hemats for construction projects. This year, 60 hemats has been allocated until August 20 and has been notified to the treasury for payment.
The head of the country’s planning and budget organization said: When the 13th government came to office, 6.5 billion dollars had been spent out of the 8 billion dollars of oil sales abroad, and one and a half billion was left, about 17 to 18 billion dollars needed for basic goods and reserves. It was required that our reserves were 30% below the red line. At the beginning of the government, we had problems paying employees’ salaries, but we did not use the salary of the Central Bank because the previous government had used up the salary limit, which was 54 hemats, and this 54 thousand billion tomans will be converted into liquidity by an increasing factor of 8 times.
* There are 3000 thousand billion tomans of half-finished projects in the country
Seyyed Masoud Mirkazemi said: “According to the law of the 6th Development Plan, we should have an economic growth of 8% per year, but in previous years, the economic growth was around four tenths of a percent, and the economic growth has been positive since the previous year.” Because most of the budget resources were used to pay current expenses. In terms of construction budgets, we paid more than the budget limit, and this was due to budget savings in different levels.
He added: Currently, we have half-finished projects worth 3000 thousand billion tomans in the country, and the average life of the projects has reached 16.9 years, and if we continue with this trend, the life of some of these projects will turn into ancient works.
The Head of the Program and Budget Organization said: Based on the Land Development Document, we assigned the budget to be allocated to projects that have a high percentage of progress and even if possible to complete the capacity of the existing projects. For example, one shift in factories should be increased to two shifts and this method would increase productivity in production.
* Capital productivity is constant or negative
Mirkazemi stated: After the war, the policy of import substitution was imposed in the government, and it was said that we should produce so much that imports do not take place, and in some cases, the production capacity was created up to 10 times the country’s needs, while it did not have the power to compete in the market. Some industrial units are closed, but there is no shortage in the market, and this is due to the high production capacity, which causes the productivity of the total production factors and capital productivity to either remain constant or become negative.
He continued: We should not give new money to build new units that will be closed after a few months. Or occupy the production capacity in another province, but we must complete the existing capacities.
The Head of the Planning and Budget Organization said about the budget deficit: We hope that the budget deficit this year will not be large, but last year’s budget was designed based on the deposit of 20% of the oil revenue to the National Development Fund, while it was finally approved that 40% of the oil and gas export revenue to The National Development Fund went away and at the same time the budget expenses were not reduced.
Mirkazemi added: In the customs revenue department, more than 100 hemats were considered after the amendment of the preferential currency, and it was approved that the basic customs duties and commercial profit should be reduced so that the price of raw materials does not rise from this point.
He continued: In the oil sales sector, some of the costs may be compensated, but anyway, 40% of the oil sales revenue goes to the National Development Fund. In the share transfer section of the government, our stock market does not have traction and it is not possible to offer significant shares in the stock market so as not to cause the market to fall.
The vice president said: We are not going to borrow from the Central Bank and we have not counted on the JCPOA. Of course, regarding the tax income in the first 3-4 months, the declaration was not submitted and the car import was not done, but in the second half, the tax income and the income from car import will increase.
Mirkazemi said about the income from the sale of gas in the country: the resources of note 14 are obtained from the place of sale of gas and the difference goes to the organization of targeting subsidies. The same is true for gasoline and diesel; However, oil and gas exports are allocated to the budget, and oil exports are allocated for note 14 and the targeting of subsidies, and the resources of this note are used to pay cash subsidies, food for soldiers, the relief committee and other expenses.
According to him, the increase in gas consumption in the country’s industries will increase targeted income. In the medicine and bread subsidy section, it is paid in rial, and the currency given by the Central Bank for the import of medicine is Nimai currency.
The head of the Planning and Budget Organization said about the 7th development plan: Considering that the working groups for drafting the 1402 budget bill have been formed and the bill must be sent to the parliament by December 15, so we cannot wait for the 7th plan. Either the sixth plan should be extended by one year or we should write the budget bill based on the policies of the same plan. At the same time, since last year, when I started my work in the management organization, I assigned the late Dr. Adel Azar at the Planning Research Institute to form working groups to compile the 7th plan, so that if the general policies of the plan come, we will not lag behind in compiling it.
Mirkazemi also said about the electronic market of construction projects: some projects in the provinces are not economical. For example, the local authorities want a two-lane road, and when we tell them to give it to the private sector, they say it is not economical. The question is why the government should do these uneconomical projects.
* Allocation of 10 thousand billion tomans of construction credit
Regarding land preparation and budget allocation to provinces and deprived areas, he said: Budget allocation to cities is done based on indicators. In this field, 77 indicators have been defined. This year, 10,000 billion Tomans have been allocated to the budgets of the provinces in the form of 3% of the income from oil and gas exports, 13.5% of these credits are spent in oil and gas-rich areas and two-thirds of the credits are spent in deprived areas, the path of which is determined by the law. has specified
The head of the program and budget organization said about the credit for the acquisition of capital assets: the program organization should be responsible for the distribution of the credit for the acquisition of capital assets. In this context, 25 thousand billion Tomans have been distributed among the provinces based on 77 indicators, which were prepared in a memorandum with the Ministry of Interior, including per capita outdoor and indoor sports space, student density, the province’s share of technical and professional centers, the proportion of hospital beds and A total of 77 indicators have been prepared in this field.
Mirkazemi said: 4 thousand 468 billion Tomans have been allocated for provincial credits so far this year. 500 billion tomans are related to oil-rich areas and 3 thousand 968 billion tomans are allocated to other provinces.
According to him, the provincial funds allocated this year have grown by 24.6% compared to last year.
The Head of the Program and Budget Organization stated: Every license that is given to acquire the property of the provinces is a part of half-finished projects. Last year, 200 Hamats were paid for construction projects more than approved.
* Allocation of provincial credits with 77 indicators
Mirkazemi also said about the investigation of the MPs: Some MPs had questions about the allocation of provincial credits from 1992 onwards, that we are completing the explanations for the Program and Budget Commission and we want construction budgets to be allocated based on indicators so that we don’t see people who They show up in the corridors earlier or bargain more to get more credits, but the credits are allocated based on 77 indicators.
Regarding the budget deficit, he said: According to initial estimates, 20% of the oil revenue was supposed to go to the National Development Fund, but in the parliament, the share of the fund increased to 40%. Therefore, the budget sources from oil sales decreased. While the costs were increasing. Salaries are also supposed to be increased by the end of the year. We hope that new sources will be added, but at the same time, it will not lead to money creation.
The Head of the Program and Budget Organization stated: If we can get permission from the Supreme Leader for the government to use oil income more, we can allocate more credits for the acquisition of capital assets or job-creating projects, but there is no news yet. In five months of this year, we have acquired 32 thousand billion tomans of capital assets, and I hope that payments will improve in the second half of the year.
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