Iran Annual Budget

The Iranian Parliament rejected the outlines of the upcoming fiscal year’s (starting March 21) budget bill on Tuesday.  The legislators cast 99 votes for and 148 votes against, while 12…

Mayor Pirouz Hanachi submitted Tehran Municipality’s budget for the next fiscal year (March 2021-22) to Tehran City Council on Sunday.

Government revenues outweighed its expenditures by 40 trillion rials ($153.84 million) in the last fiscal year (March 2019-20), says Mehrdad Bazrpash, the head of Supreme Audit Court of Iran,…

In a review of the budget bill for the next fiscal year (2021-22), the Mjalis Research Center gaged the projected government revenue from divesting assets and its planned divestiture policy.…

With a 40% inflation rate and a 25% rise in salaries, the purchasing power of wage earners will shrink by 15% in the next fiscal year (starting March 21, 2021), says Feryal Mostofi, a member of…

The Iran Chamber of Commerce, Industries, Mines and Agriculture has criticized the budget bill for fiscal March 2021-22 and called for rethinking. 

The government’s budget deficit (the excess of spending over revenue) is estimated to reach 3,190 trillion rials ($12.26 billion) as per the budget bill of next fiscal year (March 2021-22), i.e…

Total tax earnings in the fiscal 2021-22 budget bill have been set at 2,515 trillion rials ($9.67 billion).

The government has estimated 10 trillion rials ($38.46 million) for the procurement of coronavirus vaccine in the budget bill of the next fiscal year (March 2021-22), an official with Plan and…

Government revenues during the first eight months of the current fiscal year (March 20-Nov. 20) exceeded its spending by more than $1 billion.

Vice President for Parliamentary Affairs Hosseinali Amiri submitted the budget bill for the next fiscal year (March 2021-22) to the parliament on Wednesday. Unlike previous years, President…

The budget bill of fiscal 2021-22 has projected an export of 650,000 barrels per day of crude oil, the deputy head of Plan and Budget Organization said on Monday.  “The projection for…

Tehran Province has called for revising the current system of allocating provincial budget, so that factors like the provinces' population and living costs are taken into account. 

The Plan and Budget Organization held the first meeting of the so-called Headquarters for the Fiscal 2021-22 Budget on Saturday evening.  PBO chief, Mohammad Baqer Nobakht, and other…

The government needs to issue 1,240 trillion rials ($5.4 billion) in bonds, which is over and above the amount projected in the March 2020-21 budget, head of the Debt Management Department of…

The government’s budget deficit is estimated to hit 1,800-2,000 trillion rials ($9-10 billion) by March 20, 2021, which marks the end of the current fiscal year, which is about 160 trillion…

The government unveiled the draft plan for the overhaul of the current fiscal year’s budget law (March 2020-21) on Saturday, which “entails a major surgery of the economic and administrative…

With oil prices in freefall and the coronavirus spreading like wildfire, the government will get more and more worked up this year than the last, especially because of the fiscal burden imposed…

The budget for the new Iranian year (2020-21), which started on March 20, was presented to the parliament in November but fell victim to the devastating coronavirus crisis and the election of…

As per an executive order by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, next year’s budget bill (March 2020-21) has been sent straight to the Guardians Council—the body in…

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…

A senior official believes that the government has overestimated its next year’s revenues from reducing tax breaks, curbing tax evasion and levying wealth tax. 

The Iranian Parliament, also known as Majlis, rejected the outlines of the upcoming fiscal year’s (starting March 20, 2020) budget bill on Monday. The legislators cast 67 votes for and 114…

As projected in the draft budget of the fiscal 2020-21, the government has earmarked 26 trillion rials ($180.5 million) for streamlining public transportation development in Isfahan.

Government expenditure on civil development projects has been on the decline during March 2010-19.  Such capital expenditures accounted for 25% of the government’s general budget in the…