Majlis Joint Commission—a parliamentary body responsible for reviewing the budget bill proposed by the government before it is put to a parliamentary vote—has made changes to the next fiscal year’s (March 2020-21) budget bill.
Accordingly, the next fiscal year’s (to start March 20) operating budget (revenues mainly from taxation and exports at the immediate disposal of the government) has increased by 15.8% from the government-proposed 4,845 trillion rials ($31.66 billion at the market exchange rate of 153,000 rials per dollar as of Sunday’s closing) to 5,609 trillion rials ($36.66 billion), Fars News Agency reported on Monday.
The revenues exclusive to ministries and governmental institutes, set at 792 trillion rials ($5.17 billion) by the government, has increased by 0.7% in the commission’s version to 797 trillion rials ($5.2 billion).
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