Some $1.7b proposed for corona-affected tourism businesses

TEHRAN – The national budget bill for the next calendar year (starting on March 20) has proposed 70 trillion rials (about $1.7 billion at the official exchange rate of 42,000 rials per dollar) to support tourism businesses affected by the coronavirus pandemic.

Special education budget rises by 35%

TEHRAN – The budget of the Special Education Organization has increased by 35 percent in the national budget bill for the next calendar year (starting on March 20), Seyed Javad Hosseini, head of the Organization, has announced.

By Faranak Bakhtiari

Biotechnology budget rises almost 50%

TEHRAN – The national budget bill for the next Iranian calendar year (starting on March 20) has proposed 4 trillion rials (around $95 million at the official rate of 42,000 rials) for biotechnology, a 47.8 percent increase compared to the current year’s budget.

Parliament’s committee approves general outlines of next year’s budget bill

TEHRAN - Iranian parliament’s ad hoc budget review committee on Tuesday evening approved the general outlines of the national budget bill for the next Iranian calendar year 1400, which starts on March 21, 2021.

A fragile budget

TEHRAN- President Rouhani Submitted the latest government Budget Bill to the Iranian parliament. Iran’s 2021 budget with 53% growth compared to the previous year, has broken the record of budget growth in recent decades.

ICCIMA offers suggestions to amend next year’s budget bill

TEHRAN – Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Research Center, after examining the strengths and weaknesses of the budget bill for the next Iranian calendar year of 1400 (begins on March 21, 2021), has proposed eight practical suggestions to amend the bill.

School renovation budget rises by 21%

TEHRAN – The national budget bill for the next [Iranian calendar] year (March 2021-March 2022) has foreseen a 21-percent rise for the renovation and retrofit of schools.

VP submits $579.9b budget bill to Majlis

TEHRAN - Vice President for Parliamentary Affairs Hossein-Ali Amiri submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1400, which starts on March 21, 2021, to the Majlis on Wednesday, IRNA reported.

Cabinet holds extraordinary meeting to review next year’s budget bill

TEHRAN – President Hassan Rouhani’s cabinet gathered on Sunday in their first extraordinary meeting for reviewing the national budget bill for the next Iranian calendar year (begins on March 21, 2021), IRIB reported.

Next year’s budget bill to be submitted to Majlis on Dec. 2

TEHRAN- The national budget bill for the next Iranian calendar year (starts on March 21, 2021) will be submitted to the Majlis (Iranian parliament) on December 2, the deputy head of Planning and Budget Organization (PBO) announced.

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.