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MPs Amend Budget as Per Guardians Council’s Advice

MPs Amend Budget as Per Guardians Council’s Advice
MPs Amend Budget as Per Guardians Council’s Advice

Members of the Iranian Parliament approved a new ceiling for the next year’s budget on Tuesday after the Guardians Council—the body in charge of ascertaining the constitutional and Islamic nature of all laws—called for fixing the flaws it identified in their bill earlier this week.
The legislators cast 164 votes for and three votes against, while four abstained from voting, IRNA reported.
In the next fiscal year (to start March 21, 2021), the operating budget (including revenues derived mainly from taxation and exports at the disposal of the government) has been projected to stand at 12,779 trillion rials ($51.94 billion at the market exchange rate of 246,000 rials per dollar). 
Add to this, revenues and expenses earmarked for ministries and governmental institutions worth 958.48 trillion rials ($3.89 billion) take the total sum of the general budget to 13,737 trillion rials ($55.84 billion).
The budget of state companies, banks and for-profit organizations has been put at 15,713 trillion rials ($63.87 billion). 
All in all, the ceiling set for the government’s total budget is at 28,823 trillion rials ($117.16 billion).

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