Govt.’s 4 strategies to compensate for budget deficit approved

TEHRAN- Iranian government’s four suggested strategies to compensate for budget deficit were approved during a session of Supreme Council of Economic Coordination presided by President Hassan Rouhani on Saturday, Fars news agency reported.

By Mahnaz Abdi

CGT for more productivity, less reliance on oil income

In order to reduce intention for investment making in non-productive sectors, many countries impose capital gains tax (CGT) which is a tax on capital gains with different rates of taxation for individuals and corporations.

PBO publishes general outlines on budget bill amendment

TEHRAN- Iran’s Planning and Budget Organization (PBO) has published a report titled “Budget Amendment Outline” including 23 major policies with cutting budget’s direct dependence on oil income as the major approach, IRIB reported on Monday.

‘Cutting budget dependency on oil revenues, top economic priority’

TEHRAN- Iranian Minister of Finance and Economic Affairs Farhad Dejpasand said that reducing the current year’s budget dependency on oil exports is the most important economic objective in the country, Mehr news agency reported.

Iran’s budget reliance on oil revenues down 30%: Jahangiri

TEHRAN- Iran has reduced its budget reliance on oil incomes to 30 percent through efforts made during the recent years, Iranian First Vice President Es’haq Jahangiri underlined.

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 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.

By M.A. Saki 

Incompatible with justice

The details of the national budget bill for the next Iranian fiscal year, which begins on March 21, 2019, have not been released yet.

$100m allotted to address social vulnerabilities

TEHRAN — Majlis (the Iranian parliament) has earmarked some 4.5 trillion rials (nearly $100 million) for dealing with social vulnerabilities within the framework of the budget bill for the next calendar year, starting on March 21, Mehr reported on Saturday.

Majlis cuts Khuzestan’s sand and dust storms budget

TEHRAN – The budget proposed for fighting sand and dust storms in the southwestern province of Khuzestan in the next year’s budget bill is facing a big “no” by the special committee of Majlis [the Iranian parliament].

Majlis approves $200m for rundown areas renovation

TEHRAN – In the national budget bill proposed for the next Iranian calendar year 1397 (starting on March 21), Majlis (the Iranian parliament) has approved a $200 million budget for renovation of rundown areas.

By M.A. Saki

Neither logical nor expedient

In its national budget bill submitted to the parliament, the government has proposed to raise fuel prices, mainly petrol, to raise 174 trillion rials (around $4.3 billion) and invest that money to create jobs.

Employment, environment take center stage in Iran's budget bill

Rouhani submits $284b bill to Majlis

TEHRAN - President Hassan Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year 1397, which starts on March 21, 2018, to the Majlis.