87685
CapEx Tops $6b in Two Months
CapEx Tops $6b in Two Months
Saturday, June 09, 2018

CapEx Tops $6b in Two Months

Saturday, June 09, 2018

CapEx Tops $6b in Two Months

The government’s capital expenditure during the first two months of the current Iranian year (March 21-May 21) stood at 280 trillion rials ($6.66 billion), which constitutes 22% of this year’s ratified CapEx figure in the budget law, the head of Plan and Budget Organization of Iran said. Noting that this year’s projected CapEx budget has increased to 1,260 trillion rials ($30 billion), Mohammad Baqer Nobakht added that 700 trillion rials ($16.66 billion) were invested in development projects last year (March 2017-18) while the government’s operating budget amounted to 3,860 trillion rials ($91.9 billion), IRNA reported.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/aPfkMy
06/09/2018
  1. https://goo.gl/F49Jp6
  • https://goo.gl/1FWnyp
  • https://goo.gl/J9uaDA
  • https://goo.gl/iSmPXE
  • https://goo.gl/KdhvYg

You can also read ...

Tehran Stocks Make Record Gains to Stand at All-Time Highs
Bulls are on parade in Tehran's equity market, and they are...
Aside from European countries, 70-75% of other countries are using EASA standards and regulations.
Plans are underway to update and implement new rules and...
People walk by the Paris branch of Bank Saderat Iran.
Bank Saderat Iran, which boasts the most expansive overseas...
Gold Coin Bullish Despite Massive Supply
Despite several schemes by the Central Bank of Iran to satisfy...
Freak Plunge in Nintendo's Stock
Nintendo has been red hot for the past few years, but...
Iran’s Share in Global Sheepskin Exports at 5%
Iran has a share of 5% in global sheepskin exports and a 1%...
Tech Titans Trying to Kill Calif. Privacy Initiative
As data-sharing scandals continue to mount, a new proposal in...
Venture Capital Funds Essential to Startup Growth
Praising venture capital funds, Iran's Vice President for...

Add new comment

Trending

Googleplus