Structural reform of the budget was the main subject of the session in the Supreme Council of Economic Coordination.

President Hassan Rouhani has submitted a draft state budget to the parliament, saying it has the least possible dependence on oil and is meant to resist and counter U.S. sanctions.

 Iranian President Hassan Rouhani will submit the budget bill for the next Iranian calendar year in 1398 (to start March 21, 2019) to the Parliament in coming week. A MP Mehrdad Baouj Lahouti made the above remark and revealed the presence of Head of Plan and Budget Organization Mohammad-Baqer Nobakht in the meeting. He further […]

TEHRAN- A member of development committee of the Iranian Parliament (Majlis) announced that $6 quadrillion rials (more than $142.6 billion) of budget is needed for completion of development projects in Iran, Tasnim news agency reported. Calling on the government to prepare proper ground for completion of all such projects, Alim Yarmohammadi underlined the significance of […]

TEHRAN- The national budget bill for the next Iranian calendar year, starting March 21, has envisaged 79 percent more budget for development projects, the government spokesman announced. In a press conference on Tuesday, Mohammad Baqer Nobakht said the coming year’s budget for development projects is 334.54 trillion rials (about $7.43 billion), while the figure was 186.43 […]

TEHRAN- Iran’s national budget bill for the next Iranian calendar year, starting March 21 has envisaged 734 trillion rials (about $16.398 billion) of investment to be made by the government to implement 12 job-creation plans, Government spokesman Mohammad Baqer Nobakht announced in a press conference on Tuesday. In late December 2017, the official had said that […]

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]. The administration had proposed $150 million in the budget bill for the next [Iranian calendar] year 1397 (starting […]

TEHRAN – The joint committee of the Majlis has decided to cut off the annual budget of special organizations and institutes, the committee’s spokesman said on Monday. Ali Asqar Yusofnejad said the committee concluded that the annual budget of non-governmental educational-cultural organizations was “ill-advised”, Mehr reported. Controversy arose after details of the upcoming Persian year’s […]

TEHRAN – Shortage of budget has been impeding many projects needed to implement disaster reduction plans, especially during earthquakes, YJC quoted Ahmad Sadeqi, director of the Tehran Disaster Mitigation and Management Organization, as saying. The budget bill for the next Iranian calendar year (March 2018-March 2019) has allocated roughly 110 billion rials (nearly $2.75m) to […]