Net earnings of eight state-owned banks and the Central Bank of Iran has been forecast at 3,247.7 trillion rials ($6.186 billion) in the March 2023-24 draft budget. This is 40% higher on the 2,…
Iran Annual Budget
Many experts believe that the newly-unveiled budget bill for the fiscal 2023-24 suffers from countless structural problems. It is neither operational, nor conducive to productivity.
The government is projecting the sales of crude oil and its derivatives to earn 6,030 trillion rials ($14.75 billion) in the budget bill for the upcoming Iranian year (March 2023-24).
The Supreme Audit Court of Iran, the supervisory arm of the Iranian Parliament, has released its budget monitoring report for the first four months of the current fiscal year (March 21-July 22…
Head of the Majlis Economic Commission in a letter to President Ebrahim Raisi called for incorporating 10 support measures designed to revive the struggling bourse in the fiscal 2022-23 budget…
Despite government efforts to minimize the deficit in March 2022-23 budget, numbers seen in the fiscal budget show a deep gulf between income and expenditure. According to Hadi Qavami, a…
The managing director of the Securities and Exchange Organization (SEO) says the regulator is trying to help reduce the price of gas feedstock sold to petrochemical plants.
President Ebrahim Raisi submitted the fiscal 2022-23 budget bill to the parliament on Sunday.
A look at the government’s proposed budget for March 2022-23 shows if passed it should be propitious for the struggling stock market. The budget draft seems advantageous for the bourse in six…
The Cabinet has finalized the fiscal 2022-23 Budget Bill on Wednesday. The bill is now ready to be voted on by members of parliament and will most likely top their agenda in the coming week (…
The budget bill for the fiscal 2022-23 has been finalized and President Ebrahim Raeisi has talked of submitting it to the Iranian Parliament this week. Government officials, particularly…
The Economic Research Department of Majlis Research Center, the research arm of the Iranian Parliament, has released a report on the performance of the government on the Budget Law of fiscal…
The government is expected to run a budget deficit of 2,800 trillion rials ($10.2 billion) by the end of the current fiscal year (March 2021-22), forecasts Majlis Research Center, the research…
The budget deficit is on course to reach 4,640 trillion rials ($16.79 billion) in the fiscal 2021-22 while the government is also facing an unfunded deficit of roughly 30%, or 3,830 trillion…
A new report released by the Statistical Center of Iran has reviewed Iranian urban and rural households’ income and expenditure in the last fiscal year that ended on March 20, 2021. Iranian…
The Foreign Ministry’s budget, when converted to foreign currency, is 10% less in the current fiscal year (2021-22) compared with that of last year (2020-21). “The current year’s budget…
The government met 98.6% of the fiscal 2020-21 budget outlay, despite the significant shocks of US “maximum pressure” campaign and the coronavirus pandemic, says Hamid Pourmohammadi, the deputy…
The Plan and Budget Organization says the government registered a surplus in its fiscal 2020-21 budget. The government’s revenues and expenses in the fiscal 2020-21 hovered around 5,631,444…
One hundred Iranian lawmakers have sought clarification from Parliament Speaker Mohammad Baqer Qalibaf regarding changes made in the budgetary tables after their final approval on March 16.…
Members of the Iranian Parliament approved a new ceiling for the next year’s budget on Tuesday after the Guardians Council—the body in charge of ascertaining the constitutional and Islamic…
The central bank governor says provisions of the March 2021-22) are likely to keep the money-printing presses busier and expand the money supply. In a note on the CBI website, Abdolnasser…
Members of the parliament on Saturday approved the next fiscal year’s budget bill with a 170-8 vote while six members abstained.
On Sunday, Iranian lawmakers approved the revenues section in the next fiscal year’s budget bill with 198 votes in favor, two votes against while four MPs abstained from voting.
Lawmakers finally approved the outlines of the fiscal 2021-22 budget revised by the government on Tuesday with 211 votes in favor and 28 against, while six MPs abstained from voting. The…
The government earned 1,920 trillion rials ($7.68 billion) from taxation, customs duties and resources entitled “miscellaneous income” during the nine months to Dec. 20, 2020, which is 88% of…
