EghtesadOnline: President Hassan Rouhani presented the draft budget for the next Iranian year (to start March 21, 2017) to the country’s Majlis (Parliament) on Sunday.
President Rouhani addressed the parliament’s Sunday morning open session before presenting his proposed budget bill for the next Iranian year.
Meanwhile, Parliament Speaker Ali Larijani also appreciated President Rouhani for his presenting draft budget at appropriate time, according to IRNA.
As per the internal regulations of Majlis, the administration should present the annual budget bill to the parliament by December 5 each year.
The Iranian Lawmakers will have ten days for discussions on the bill in the subcommittees of the parliament.
The subcommittees will then review lawmakers' suggestions and finalize a report to a parliamentary ad hoc committee reviewing the budget within 15 days.
The committee should discuss the budget bill within 15 days and provide its final report for a second reading in the open session of Majlis.
Parliamentarians will then confer the final bill. If approved, the budget bill will then be sent to the country’s Guardian Council, whose approval is needed for the bill to be signed into law.