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EghtesadOnline: Iran Health Insurance Organization should operate on a tight budget of 160 trillion rials ($4.25 billion) next year (March 2017-18), Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said.

This follows the announcement by Saeed Namaki, the deputy head of Management and Planning Organization of Iran, that the budget allocated to the organization has seen a 100% rise in the upcoming fiscal year compared to last year, according to Financial Tribune.

“The organization began the current Iranian year (March 2016-17) with outstanding debts amounting to 46 trillion rials ($1.22 billion), which currently amounts to 97 trillion rials ($2.58 billion),” the Persian daily Taadol quoted Namaki as saying.

Ali Rabiei Iran health insurance IHIO