Economy, Business And Markets

Outlines of New ICCIMA Budget Approved

Outlines of New ICCIMA Budget ApprovedOutlines of New ICCIMA Budget Approved

Iran Chamber of Commerce, Industries, Mines and Agriculture approved the outlines of its budget for the new Iranian year (March 2017-18) on Monday. According to the chamber’s treasurer, Hossein Pourmoazzen, ICCIMA’s budget totals 2.3 trillion rials ($61.18 million), about 17% bigger than the current year’s budget. “Headlines of the approved budget include human resources, capitals and assets, current expenditure and structural reforms. The private sector parliament [a reference to ICCIMA] has allocated 23% of the budget to current expenditures and the rest to investments and provincial budgets,” quoted him as saying. In the human resources section, about 10% of the ICCIMA’s workforce will be downsized by September 22, 2017. About 200 billion rials ($5.31 million) will be earmarked for national groups and 70 billion rials ($1.86 million) will be allocated to provincial groups. “The chamber’s research budget comprises 10% of the total budget,” said the deputy head of Iran chamber, Pedram Soltani.

Add new comment

Read our comment policy before posting your viewpoints