Iran Parliament Disapproves Proposed Budget Bill
Iran Parliament Disapproves Proposed Budget Bill

Iran Parliament Disapproves Proposed Budget Bill

Iran Parliament Disapproves Proposed Budget Bill

The Majlis on Sunday disapproved the outlines of the proposed budget for the upcoming fiscal year (March 2018-19). 
A total of 120 lawmakers voted against while 83 were in favor of the figures proposed by the Majlis Joint Commission, while nine MPs abstained, IRNA reported.
Majlis Speaker Ali Larijani said the joint commission has 72 hours to revise the bill and present it to the chamber, the Islamic Consultative Assembly News Agency (ICANA) reported.
The joint commission is a parliamentary body responsible for reviewing the budget bill as well as the five-year economic development plans proposed by the government before its final ratification. President Hassan Rouhani presented the  budget bill to parliament on Dec. 10.
Among key amendments proposed by the commission to the budget bill were keeping gasoline price unchanged, setting average oil prices at $55 a barrel and fixing the official rate of the US dollar at 35,000 rials, freezing salaries of authorities, setting the ceiling for pay increases at 18%, banning any increase in tariffs, duties and costs of services provided by organizations of the executive branch and tax exemption for monthly wages below  23 million rials ($522) for civil servants and 18 million rials ($409) for guilds. 
According to Larijani, the commission has only one opportunity to review the budget bill and the revised bill will be discussed on February 3.


Short URL : https://goo.gl/ftpWGZ
  1. https://goo.gl/oGT5WA
  • https://goo.gl/CpxyWY
  • https://goo.gl/DhxVpf
  • https://goo.gl/NfS2T4
  • https://goo.gl/qiYS2M

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...

Add new comment

Read our comment policy before posting your viewpoints