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EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture approved the outlines of its budget for the new Iranian year (March 2017-18) on Monday.

According to the chamber’s treasurer, Hossein Pourmoazzen, ICCIMA’s budget totals 2.3 trillion rials ($61.18 million), about 17% bigger than the current year’s budget. “Headlines of the approved budget include human resources, capitals and assets, current expenditure and structural reforms. The private sector parliament [a reference to ICCIMA] has allocated 23% of the budget to current expenditures and the rest to investments and provincial budgets,” Otaghiranonline.ir quoted him as saying. In the human resources section, about 10% of the ICCIMA’s workforce will be downsized by September 22, 2017, according to Financial Tribune. About 200 billion rials ($5.31 million) will be earmarked for national groups and 70 billion rials ($1.86 million) will be allocated to provincial groups. “The chamber’s research budget comprises 10% of the total budget,” said the deputy head of Iran chamber, Pedram Soltani.

ICCIMA ICCIMA budget