Capital Expenditure Grows 31%

The government says its expenditure on development projects has increased, despite a decline in revenues.
Capital expenditures exceeded 520 trillion rials ($2 billion) in the eight months to Nov. 20, indicating a 31% increase compared with the corresponding period of last year. 
According to a report by IRNA, citing the Plan and Budget Organization of Iran, unlike previous years, 30% of the capex payments this year were in cash rather than Islamic treasury bonds. 
The report adds that as per the budget bill of the next fiscal year (March 2021-22), expenditures projected for development projects have increased by 18% to reach 1,040 trillion rials ($4 billion).  
Vice President for Parliamentary Affairs Hossein Ali Amiri submitted the budget bill for the next Iranian fiscal year (March 2021-22) to the parliament on December 2. Unlike previous years, President Hassan Rouhani did not show up at the parliament for the budget day upon the advice of the National Headquarters to Flight Coronavirus.