40% reduction in imports of goods
A 40 percent decrease in the import of goods, the sanitization of the country’s trade has taken place in a situation where in recent years, the increase in government revenues from the import of goods has not led to an increase in the price of goods in domestic markets. Law – Government revenues from the import of goods have increased by more than 150 percent over the past three years, during which time the country has witnessed a forty percent decrease in imports.
According to the law quoted by Khabaronline, studies show that last year the revenue of the Iranian government from the import of goods increased to more than 18 thousand billion Tomans, while the amount of imports of goods in 2016 compared to 1392 decreased by forty percent. Iran’s imports in 1392 were equal to 63 billion dollars, but this figure has decreased to 44 billion dollars last year. Thus, while $ 63 billion worth of goods imports generated revenue equal to 7,000 billion tomans for the country, $ 44 billion worth of goods imports generated revenues of more than 18,000 billion tomans for the Iranian government. This means that with the structural reforms, the facts in the field of imports have been announced by the importers and the government has shown more care in receiving customs duties from the importers.
The consolidation of the country’s trade has taken place in a situation where the increase in government revenues from the import of goods has not led to an increase in the price of goods in the domestic markets, and according to official reports, inflation has been declining throughout this period. The inflation rate last year, after two consecutive years of decline, was finally able to reach single digits, and according to statistics provided by the Central Bank and the Statistics Center of Iran, the inflation rate in the country during 1395 single digit and in the range of 6 to 7 percent have been.
Thus, the simultaneous increase of government revenue from the import of goods and the reduction of inflation and economic stability show the health of the country’s economic environment and the improvement of the situation in this area. While in previous years, Iran faced far more import volumes than last year, customs revenues were much lower than these figures. The increase in customs revenues shows the support of domestic production and strict monitoring of the import of goods to the country. Because full payment of customs duties and prevention of violations in this area is effective in supporting domestic production and increasing the country’s economic potential to create jobs on the one hand and the competitiveness of Iranian industries in domestic and foreign markets on the other.
It is expected that with the continuation of this situation, the production capacity in Iran will be strengthened and the increase in government revenues from imports will make it possible to implement programs to support domestic industries more than before.