Sci & Tech

ICT Ministry Budget Up 267%

Iran’s Ministry of Information and Communications Technologies is expected to prioritize the development of National Information Network with its 2022-23 budget
ICT Ministry Budget Up 267%
ICT Ministry Budget Up 267%

The Information and Communications Technologies Ministry and its affiliated organizations will get 139.88 trillion rials ($466.29 million) next year, according to the fiscal 2022-23 budget bill submitted to the parliament on Dec. 13.
In the proposed budget, the ministry’s funding for the coming fiscal year is up 267% compared to 38.1 trillion rials ($127 million) in the current year that ends in March 2022.
As per the government’s proposal, the ministry’s operational expenditure is set to increase by 167% compared to this year, reaching 16 trillion rials ($53.52 million) from 5.99 trillion rials ($19.96 million), reported.
The ministry is expected to earn 123.83 trillion rials ($412.77 million) from the sale of capital assets, marking an increase of 296% from last year’s 31.23 trillion rials ($104.1 million).


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.

Add new comment