Majlis Okays Budget Outlines
Economy, Domestic Economy

Majlis Okays Budget Outlines

Majlis Planning and Budget Commission on Sunday approved the outlines of the budget bill—on an 18-2 vote—for the upcoming Iranian fiscal year (starting March 20.  The government’s general budget, not including state-owned enterprises, totals 2,670 trillion rials ($73.3 billion at market exchange rate), shows a 13.1% increase compared to the previous year in rial terms. Iran’s budget for the current year stood at 2,360 trillion rials ($64.8 billion). Iran also separately budgets some 6,817 trillion rials ($187.2 billion) for hundreds of government banks and companies. President Hassan Rouhani submitted the budget bill prepared by the government to the parliament early last week, a day after the UN nuclear agency confirmed that Iran has complied with its commitment to limit its nuclear program. The confirmation officially marked the end of western nuclear sanctions against Iran.

Short URL : http://goo.gl/qggK28
  1. http://goo.gl/BsU5rk
  • http://goo.gl/icq6e2
  • http://goo.gl/pEhJzg
  • http://goo.gl/aEG1tG
  • http://goo.gl/vTlMEI

You can also read ...

Qatar, Oman Becoming Iran's New Trade Gateways
Iran is working to curb its trade ties with the UAE, replacing...
Connectivity Central to Iran-India Future Ties
Iranian President Hassan Rouhani’s recent state visit to India...
Exports to Thailand, Indonesia See Biggest Rise
Iran’s exports to Thailand and Indonesia, crude oil excluded,...
Renewed Efforts to Sideline US Dollar in Foreign Trade
Months after a meeting between Iran’s Leader Ayatollah Seyyed...
SAIPA Mulling Options to Replace Pride
Reports from the SAIPA Group show that the second major local...
Shahid Rajaee Port’s Phase 3 Launch on Wed.
President Hassan Rouhani is scheduled to break ground on Phase...
Rial Gaining Ground
Rial continued its gain against the US dollar in Tehran's...
Export Billet Prices Climb Amid Higher Offers, Transactions
Iranian export billet prices went up by $5-15 per ton on an...