Iran raises annual tourism budget by 39%

TEHRAN- Iran’s national budget bill proposed for the current fiscal year (started March 20), has allocated 15.326 trillion rials (about $360 million at the official dollar rate of 42,000 rials) to the tourism sector, an increase of 39 percent year on year. 

Details of plan for privatization of state-owned enterprises announced

TEHRAN - The executive regulations of the budget plan of the current Iranian calendar year (began on March 19) regarding the privatization of state-owned enterprises was referred to the Ministry of Finance and Economic Affairs for implementation, Tasnim news agency reported on Sunday.

Parliament Speaker sends approved budget bill to President

TEHRAN – Parliament Speaker Ali Larijani sent the next year's budget bill to the Iranian President Hassan Rouhani for implementation after final approval by the Guardians Council.

Majlis releases draft of revised budget bill for next year

TEHRAN – Iranian parliament’s ad hoc budget review committee has released the revised version of the administration’s budget bill for the next Iranian calendar year (starting March 20), after the Leader of Islamic Revolution Ayatollah Ali Khamenei approved the parliament’s request for taking necessary actions on the matter.

Leader facilitates approval of next year budget 

TEHRAN - A member of the parliament's presiding board announced on Tuesday that Majlis has received two “state decrees” by Leader of the Islamic Revolution Ayatollah Ali Khamenei concerning the next year budget and the Agriculture Ministry which is now run by a caretaker minister.

By: Ebrahim Fallahi

Why Majlis rejected the budget bill?

TEHRAN - The Iranian Parliament (Majlis) on Monday rejected general outlines of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, stating that the bill is not compatible with the country’s current economic conditions.

Over $9.4b paid for development projects in 9 months

TEHRAN – Head of Iran’s Budget and Planning Organization (BPO) said the government has paid 395 trillion rials (over $9.4 billion) for financing development projects across the country in the first nine months of the current Iranian calendar year (March 21-December 22).

Majlis committee approves next year’s budget bill

TEHRAN- The Iranian parliament (Majlis)’s Ad hoc Budget Review Committee on Tuesday approved the 1.988 quadrillion rials (about $473.5 billion) national budget bill for the next Iranian calendar year, starting March 20, Mehr news agency reported, quoting a member of the committee as saying.

Majlis committee approves next year’s budget bill

TEHRAN- The Iranian parliament (Majlis)’s Planning and Budget Committee on Monday approved the 1.988 quadrillion rials (about $473.5 billion) national budget bill for the next Iranian calendar year, starting March 20, Shana reported, quoting a member of the committee as saying.

Top MP criticizes cut in defense budget 

TEHRAN - Head of the Parliament National Security and Foreign Policy Committee on Saturday criticized the government for reducing the defense budget for the next year. 

Department of environment’s budget nearly doubled

TEHRAN – The national budget bill for the next calendar year (starting on March 20, 2020) has proposed 6.38 trillion rials (around $151 million at the official rate of 42,000 rials) for the Department of Environment, a nearly twofold increase compared to the current year’s budget of 3.73 trillion rials (nearly $88 million), ISNA reported on Tuesday.

Rouhani: Next year budget not dependent on negotiations 

TEHRAN - President Hassan Rouhani said on Monday that Iran’s next year budget won’t be dependent on negotiations with the United States whose officials have imposed “unilateral sanctions on our nation”. 

$238m allocated to manage environmentally hazardous waste

TEHRAN –The Department of Environment (DOE) will receive a budget of 10 trillion rials (nearly $238 million at the official rate of 42,000 rials) to manage environmentally hazardous waste as proposed in the budget bill for the next calendar year (starting on March 20, 2020).

Tourism ministry’s budget seen to rise by 11.8%

TEHRAN – The budget bill for the next Iranian calendar year (to start March 20, 2020) has proposed 13 trillion rials (about $310 million at the official rate of 42,000 rials) for the Ministry of Cultural Heritage, Tourism and Handicrafts, an increase of 11.8 percent compared with the current year’s budget.

Iran expects to sell 1m bpd of oil at $50 next year

TEHRAN – Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50, ISNA reported.

President Rouhani to submit budget bill to Majlis on Sunday

TEHRAN - Iranian President Hassan Rouhani is going to submit the bill of the budget for the next Iranian calendar year (to start on March 20, 2020) to Majlis (Iranian parliament) on Sunday, Mehr news agency reported, quoting the head of Iran’s Plan and Budget Organization.

Over $342b to go to state-run companies in next year’s budget bill

TEHRAN – Head of Iran’s Planning and Budget Organization (PBO) said 14.4 quadrillion rials (over $342.85 billion) is going to be allocated for state-run companies in the next year’s budget plan, ILNA reported.

Annual plan for tax income realized by 97%

TEHRAN- Iran managed to collect 1.09 quadrillion rials (about $25.952 billion) of tax revenues during the past Iranian calendar year of 1397 (ended on March 20, 2019), showing that the country’s annual tax income plan has come true by 97 percent, according to the acting head of Iran's National Tax Administration (INTA).

Expediency Council backs Guardian Council on budget bill

TEHRAN – The Expediency Council on Saturday voted in favor of the Guardian Council’s objection to a parliamentary decision on the budget bill for the next Iranian year (March 2019-March 2020), a member of the Expediency Council said.

Tehran Municipality’s next year budget set at $4.5b

TEHRAN – Tehran City Council has approved Municipality’s budget amounting to 188 trillion rials (nearly $4.5 billion) for the next Iranian calendar year (starting on March 21), Mohsen Hashemi, Tehran City Council Chairman has said.

IRCS’s next year budget rises by $48m

TEHRAN – The Iranian Red Crescent Society (IRCS) has received a budget rise of 2 trillion rials (nearly $48 million) within the framework of the budget bill approved for the next calendar year (starting on March 21), deputy head of the IRCS has said.

$1b proposed for developing Tehran public transport fleet

TEHRAN – A total budget of 45 trillion rials (nearly $1 billion) on development of transportation fleet has been proposed in Tehran Municipality’s budget bill for the next Iranian calendar year (starting on March 21, 2019), Sakineh Ashrafi, deputy mayor of Tehran for planning, urban development and council affairs has said.

Education Ministry needs $16b budget: deputy minister

TEHRAN – The Ministry of Education has demanded a total budget of 700 trillion rials (nearly $16 billion), while a budget of 563 trillion rials (around $13 billion) has been proposed in the budget bill for the next calendar year (starting on March 21), deputy education minister has said.

Budget review committee to submit report on budget bill in a month

TEHRAN- Iranian parliament (Majlis)’s ad hoc budget review committee will submit its report on the administration’s proposed budget bill for the next Iranian calendar year (starting March 21, 2019) to the parliament within a month, IRIB reported on Saturday.

Space sector budget has increased

TEHRAN – Due to its priorities and missions, the budget for the space sector for the next calendar year (starting on March 21) has increased, according to a report by IRNA.

Rouhani accepts health minister’s resignation, picks caretaker 

TEHRAN — On Thursday, President Hassan Rouhani accepted Health Minister Hassan Qazizadeh-Hashemi’s resignation and named Saeed Namaki, deputy director of Budget and Planning Organization for scientific, cultural and social affairs, as the caretaker minister, IRNA news agency reported.

Next year’s budget bill estimates privatization at $1.19b

TEHRAN- The national budget bill for the next Iranian calendar year 1398, which starts on March 21, 2019, has envisaged transferring 50 trillion rials (about $1.19 billion) worth of state-run shares to the private sector, Mohammadreza Pour-Ebrahimi, the chairman of the Parliament Economic Committee, told IRNA on Tuesday.

Budget for rare diseases projected to rise by 70%

TEHRAN — The budget proposed for treatment of rare diseases will rise by 70 percent for the next fiscal year (starting on March 21), Budget and Planning Organization announced in a statement, ISNA news agency reported on Monday. 

DOE’s next year budget seen to rise by 47%

TEHRAN – The Department of Environment (DOE) will receive a budget rise by 47 percent as proposed in the budget bill for the next calendar year (starting on March 21, 2019), an official with the DOE has said.