Facilities allocated to development projects rise 3.7 times year-on-year in 5 months

TEHRAN – Iran’s Planning and Budget Organization (PBO) said development spending allocations in the first five months of the current Iranian year (March 21-August 22) reached 19.07 quadrillion rials ($38.1 billion), compared with 5.17 quadrillion rials ($10.3 billion) in the same period last year, marking a 3.7-fold increase.