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. 

Budget review committee submits report to Majlis

TEHRAN - Iranian parliament’s ad hoc budget review committee submitted its report on the administration’s budget bill for the next Iranian calendar year (starting March 20) to the parliament (Majlis), IRNA reported on Sunday.

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.

Majlis rejects general outlines of 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, ISNA reported.

‘Issuing securities more than forecast will cause runaway inflation’

TEHRAN- Mohammad-Qoli Yousefi, an economist, believes that the higher number of securities that Iran’s national budget bill for the next Iranian calendar year 1399 (starts on March 20, 2020) has envisaged to be issued will make the country facing a runaway inflation.

By Mahnaz Abdi

Private sector dissatisfied with national budget bill

On December 8, President Hassan Rouhani submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1399 to the Majlis.

Budget bill envisages 10% more income for government-owned banks

TEHRAN- The national budget bill for the next Iranian calendar year (starts on March 20, 2020) has predicted a 10.2-percent more income for the Central Bank of Iran (CBI) and the government-owned banks, IRNA reported.

NDF allocates €250m to prioritized water, electricity projects

TEHRAN- National Development Fund of Iran allocated €250 million to implementation of water, and electricity projects with high priority in the country, ILNA reported on Saturday quoting an official with the Energy Ministry 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.

€100m proposed to mitigate SDSs

TEHRAN – The national budget bill for the next calendar year (starting on March 20, 2020) has proposed €100 million from National Development Fund to tackle sand and dust storms (SDSs), IRNA reported on Saturday.

$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).

‘Budget of resistance’ to counter sanction effects

Rouhani submits $473b budget bill to Majlis

TEHRAN- President Hassan Rouhani submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, 2020, to the Majlis on Sunday, IRNA reported.

Forex rate not to be changed significantly in next year’s budget

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said that the forex rate in the budget for the next Iranian calendar year (begins on March 20, 2020) is not to be changed significantly from the rate envisaged in the current year’s budget, Tasnim news agency reported.

Government mulls granting special authorization to provinces 

TEHRAN – President Rouhani expressed hope on Tuesday that his government would pave the ground for granting budget allocation authorization to some provinces in the near future.

Nearly $7b paid for development projects in H1

TEHRAN- Head of Iran’s Planning and Budget Organization (PBO) said that 290 trillion rials (about $6.9 billion) has been paid for development projects in the country during the first half of the current Iranian calendar year (March 21-September 22), Tasnim news agency reported.

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.