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Iran's Annual Budget Bill Expects $14.7b in Crude Oil, Derivative Sales

Iran's Annual Budget Bill Expects $14.7b in Crude Oil, Derivative Sales
Iran's Annual Budget Bill Expects $14.7b in Crude Oil, Derivative Sales

The government is projecting the sales of crude oil and its derivatives to earn 6,030 trillion rials ($14.75 billion) in the budget bill for the upcoming Iranian year (March 2023-24).
President Ebrahim Raisi submitted the budget bill to the parliament on Jan. 11 about one month late, as it is due on the 15th of the ninth Iranian month every year, which fell on Dec. 6, 2022, this year. 
The main figures in the bill include 19,840 trillion rials ($48.55 billion) allocated as operating budget (including revenues derived mainly from taxation and exports at the disposal of the government), plus 1,800 trillion rials ($4.4 billion) as revenues exclusively for ministries and governmental institutions, which bring the total sum of the general budget to 21,640 trillion rials ($52.96 billion). 
The budget of state companies, banks and for-profit organizations has been put at 30,976 trillion rials ($75.81 billion).

 

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