The Director General of the Office of Urban Affairs and Councils of Semnan Province, at a conference of the province's mayors, pointed out that over 66% of the municipalities' revenues in the province depend on resources derived from value-added tax and transfers from the Organization of Municipalities and Rural Districts of the country. He emphasized the necessity of moving towards sustainable revenues, attracting investors, and utilizing modern financing methods for urban projects.
ISNA is a semi-official Iranian news agency (Iranian Students News Agency). This is a translation of that outlet's own report; it is the outlet's account, not Artesh's finding.
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Emphasis on the Necessity of Reducing Municipalities' Dependence on Value-Added Tax Revenues and Developing Investment
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November 5, 2026
1 min read
📰 ISNA
📋 Key Takeaway
The Director General of Urban Affairs in Semnan Province highlighted the heavy reliance of local municipalities on value-added tax revenues at a mayors' conference. He stressed the importance of transitioning to sustainable income sources and attracting investment for urban development, which is crucial for the financial stability of local governments.
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Translated from the original and edited for English readers. View original source →
Translation confidence: 85%
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