Domestic Economy

Rouhani Submits Budget Bill

In the next fiscal year (to start March 20, 2020), an operating budget of 4,845 trillion rials ($36.98 billion) has been projected, which indicates an 8% expansion compared with the corresponding figure of the current year’s budget
Iran Gov't Submits Austerity Budget to Cushion Sanctions EffectIran Gov't Submits Austerity Budget to Cushion Sanctions Effect

President Hassan Rouhani submitted the budget bill for the upcoming Iranian year (March 2020-21) to the parliament on Sunday which, he said, is indicative of the country’s tenacity and resistance in the face of US sanctions. 
In the next fiscal year (to start March 20, 2020), the operating budget (including revenues derived mainly from taxation and exports at the disposal of the government) has been projected to stand at 4,845 trillion rials ($36.98 billion at the market exchange rate of 131,000 rials per dollar as of Saturday's closing). 
Add to this, revenues exclusive to ministries and governmental institutions worth 792 trillion rials ($6.04 billion), which takes the total sum of the general budget to 5,638 trillion rials ($43.03 billion).
The budget of state companies, banks and for-profit organizations has been put at 14,839 trillion rials ($113.27 billion). 
All in all, the ceiling set for the government’s total budget is at 19,887 trillion rials ($151.8 billion).


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