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  • EghtesadOnline: The government unveiled the draft plan for the overhaul of the current fiscal year’s budget law (March 2020-21) on Saturday, which “entails a major surgery of the economic and administrative systems and requires consensus”, Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, said on Wednesday.

  • EghtesadOnline: The Plan and Budget Organization has allocated 150 billion rials ($880,000) to the Forests, Ranges and Watershed Management Organization to help battle wildfires across the country as the weather grows warmer.

  • EghtesadOnline: The Plan and Budget Organization says role of the stock market and the Central Bank of Iran monetary policy is pivotal to curbing inflation.

  • The challenging task of developing the subway system in Iranian metropolises has raised concerns among urbanists who censure mismanagement and lack of budget for the lagging progress.

  • EghtesadOnline: President Vladimir Putin’s government is rewriting its budget to prepare for oil prices at $20 a barrel this year despite US-led efforts to get major producers to rein in production.

  • EghtesadOnline: As projected in the draft budget of the fiscal 2020-21, the government has earmarked 26 trillion rials ($180.5 million) for streamlining public transportation development in Isfahan.

  • EghtesadOnline: A total of 118.18 trillion rials ($872.17 million) have been allocated for the transportation sector in the next fiscal year's (March 2020-21) budget bill, of which 95.3% will be spent on development projects and 4.7% on operating expenses.

  • EghtesadOnline: Tehran Mayor Pirouz Hanachi submitted the budget for the next fiscal year (March 2020-21) to the capital city’s Islamic City Council on Sunday.

  • EghtesadOnline: In India, Rs17,300 crore ($2.41 billion) have been allocated for the Ministry of External Affairs in the budget, with Rs100 crore ($13.98 million) earmarked for the strategic Chabahar Port project in southeastern Iran, which gives India connectivity to Afghanistan bypassing Pakistan.

  • EghtesadOnline: As projected in the draft budget for fiscal 2020-21, the government has earmarked 50 trillion rials ($367 million) for upgrading the bus fleet.