Gov’t Companies to Spend 34% More in 2022-23 Budget

The Plan and Budget Organization has proposed 21,120 trillion rials ($75 billion) in the March 2022-23 fiscal budget for government-controlled companies and state banks.
This is 34.4% higher compared to 15,710 trillion rials ($56b) in the current year, the Supreme Audit Court (SAC), the supervisory arm of the parliament, said.
SAC studies the draft budget for government-affiliated companies before it is in the parliament.
The ombudsman said the steep increase is because of the “increase in the prices of goods and services, higher wages  and inflation”.