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Iran Gov't Submits $38 Billion Budget Bill to Parliament

Improving the livelihoods of Iranians, stimulating domestic production and boosting employment amid US sanctions are at the core of next year's budget
Iran Gov't Submits $38 Billion Budget Bill to ParliamentIran Gov't Submits $38 Billion Budget Bill to Parliament

President Hassan Rouhani submitted the budget bill for the fiscal 2019-20 to the parliament on Tuesday.
"Improving the livelihoods of the Iranians, stimulating domestic production and boosting employment are at the core of next year's budget," President.ir reported. 
The budget proposal had been sent by the Plan and Budget Organization of Iran to the parliament as scheduled on Dec. 6, despite the parliamentary recess, only to be sent back to the organization to be revised on the order of the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei. 
A reduction in government spending and the economy’s reliance on oil revenues were some of the reforms suggested by the Leader. Apparently, these reforms have been incorporated into the text of the budget bill. 
General revenues in the budget bill stand at 4.07 quadrillion rials ($38.76 billion), 5.44% bigger compared to the budget law for the current year (March 2018-19). 
"In the preliminary version of the bill, general revenues were set at 4.33 quadrillion rials ($41.23 billion)," Mohammad Baqer Nobakht, the head of PBO, said. 

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