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MPs Finally Approve Outline of Fiscal 2021-22 Budget Bill

The approval came after the parliamentarians had rejected the outlines of the bill on Feb. 1 and returned it to the government for revision
MPs Finally Approve Outline of  Fiscal 2021-22 Budget Bill
MPs Finally Approve Outline of  Fiscal 2021-22 Budget Bill

Lawmakers finally approved the outlines of the fiscal 2021-22 budget revised by the government on Tuesday with 211 votes in favor and 28 against, while six MPs abstained from voting. 
The approval came after the parliamentarians had rejected the bill’s outlines on Feb. 1 and returned it to the government for revision, IRNA reported. 
This followed the radical decision of Majlis Joint Commission—a commission comprising representatives of all parliamentary commissions responsible for reviewing budget bills as well as five-year development plans proposed by the government before they are put to a vote by MPs—to increase the exchange rate for importing essential goods from 42,000 rials to 175,000 rials per US dollar. 
The commission had given its green light to the outlines of the budget, but included the above decision as an amendment.

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