Page 22 - IRANRptJul19

The president wants the scrapping of unnecessary and redundant regulations and the relaxation of rules for inward investment where possible.
Iran‘s Cultural Heritage, Handicrafts and Tourism Organisation (CHHTO) has been tasked with attracting more inbound visitors by whatever means are necessary and feasible
6.0 Public Sector 6.1 Budget
Hard-pressed Iranian state workers promised Persian new year pay rise
State workers in Iran who have felt the brunt of the collapse in value of the Iranian rial (IRR) have been promised a pay rise at the start of the 2018/2019 Persian year (starts March 21, 2019) by Iranian Vice President Mohammad Bagher Nobakht, according to Banker Magazine.
Such workers largely have fixed and generally low-paid salaries, thus they have particularly suffered during the severe devaluation of the currency—presently running at around 60% against the dollar in the year to date—brought about by the sanctions-led economic attack mounted against Iran by the US. In dollar terms, the average salary in Iran in January, prior to the onset of the currency woes, worked out at around $750 per month, compared to the $180 it is worth now.
The Rouhani Administration is under immense pressure to alleviate some of the pain felt amid the economic turmoil and recession triggered by the sanctions, which have also effectively cut off the country from the international banking system, despite Washington’s claims that the sanctions are "targeted".
The government has been under pressure to award mid-Persian year salary increases, but fixed annual budgets set months in advance make that a complicated proposition. To partly get around the issue, some state employees have been given gift vouchers, free or reduced dental and medical insurance and food packages including rice and other staples.
According to Iran’s budget for this year, one third of the government’s income, or 1,425 trillion rials ($33.9 billion), should come from oil and gas exports.
The budget was based on a forecast crude oil price of $50-$54 per barrel and
22 IRAN Country Report July 2019 www.intellinews.com