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Budget Bill Archives - iran news daily iran news now
Budget bill for 1399 approved 17 Dec 2019

Budget bill for 1399 approved

TEHRAN (Iran News) – The Iranian parliament (Majlis)’s Planning and Budgeting Committee on Monday approved the 1.988 quadrillion rials (about $473.5 billion) national budget bill for 1399, the next Iranian calendar year, starting March 20, Shana reported, quoting a member of the committee as saying. According to Shahbaz Hassanpour, the committee will start assessing the […]

Next budget bill based on non-oil revenues; Rouhani says 08 Dec 2019

Next budget bill based on non-oil revenues; Rouhani says

TEHRAN (Iran News) – Iranian President Hassan Rouhani said that the country’s next budget bill for the coming fiscal year has been designed to counter US sanctions and that it is not much reliant on oil revenues. “Our budget for the next year, like the current year, will be based on resistance against sanctions; the budget’s […]

Iran to cut budget dependency on oil revenues to zero: Nobakht 11 Aug 2019

Iran to cut budget dependency on oil revenues to zero: Nobakht

Head of the Plan and Budget Organization Mohammad-Bagher Nobakht said Sun. that the new reforms in the structure of the country’s budget aim at cutting direct dependency on oil revenues to zero.

Rouhani stresses reforming budget structure without negative impacts on people’s lives 22 Jun 2019

Rouhani stresses reforming budget structure without negative impacts on people’s lives

The Supreme Council of Economic Coordination convened on Saturday in a session that was chaired by President Hassan Rouhani and with the heads of the judicial and legislative branches taking part.

1.09mn jobs to be created by Mar. 2020 15 Jun 2019

1.09mn jobs to be created by Mar. 2020

Some 1.090 million job opportunities are set to be created via implementation of 18 job generation plans by the end of the present Iranian calendar year (March 20, 2020).

Iranian parliament finishes reviewing 1398 budget bill 03 Mar 2019

Iranian parliament finishes reviewing 1398 budget bill

The lawmakers in the Iranian parliament finished reviewing the budget bill for the next fiscal year of 1398, which will begin almost 20 days later.

Lopping four zeros off rial to take about 2 years 07 Jan 2019

Lopping four zeros off rial to take about 2 years

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Mon. that removing four zeros off national currency ‘rial’ will take about two years. The proposed bill for lopping four zeros off rial requires approval of both the government and the Parliament, he said, adding, “economic experts estimate that launching this task will take […]

Next year’s budget bill estimates privatization at $1.19b 02 Jan 2019

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

 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. As previously reported, in its planned budget for […]

Domestic production a focal point in next year’s budget bill 30 Dec 2018

Domestic production a focal point in next year’s budget bill

 Iranian deputy industry minister announced that in the budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) specific attention has been paid to domestic production and renovation of domestic industries, IRNA reported on Saturday. “In comparison with the budget bill of 1397, that of the next year allocates more credit […]

Next year’s oil revenues predicted to drop by 28% 26 Dec 2018

Next year’s oil revenues predicted to drop by 28%

 Head of Planning and Budget Organization Mohammad Bagher Nobakht said next year’s oil revenues (starting Mar. 21) are predicted to drop by 28%, amounting to $21 billion. Head of Planning and Budget Organization Mohammad Bagher Nobakht made the remarks Tuesday after President Rouhani submitted the budget bill for the next Iranian calendar year in 1398 (starting on […]