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Budget

  • EghtesadOnline: The Foreign Ministry’s budget, when converted to foreign currency, is 10% less in the current fiscal year (2021-22) compared with that of last year (2020-21).

  • EghtesadOnline: In the first two month of current fiscal year (March 21-May 20) the government borrowed 400 trillion rials ($1.7 billion) in discretionary spending from the Central Bank of Iran, deputy head of the Plan and Budget Organization for economic affairs.

  • EghtesadOnline: The government met 98.6% of the fiscal 2020-21 budget outlay, despite the significant shocks of US “maximum pressure” campaign and the coronavirus pandemic, says Hamid Pourmohammadi, the deputy head of Plan and Budget Organization of Iran.

  • EghtesadOnline: As per the Budget Law for the fiscal 2021-22, all banks and credit institutions must pay construction loans for a total of 1.2 million residential units in the current Iranian year that started on March 21, says Deputy Roads Minister Mahmoud Mahmoudzadeh.

  • EghtesadOnline: Members of the parliament on Saturday approved the next fiscal year’s budget bill with a 170-8 vote while six members abstained.

  • EghtesadOnline: The central bank governor says provisions of the March 2021-22) are likely to keep the money-printing presses busier and expand the money supply.

  • EghtesadOnline: The government has allocated 42,700 billion rials ($167 million) to New Towns Development Company as per the budget bill for the next fiscal year (March 2021-22), a board member of the company told the website of the Ministry of Roads and Urban Development.

  • EghtesadOnline: On Sunday, Iranian lawmakers approved the revenues section in the next fiscal year’s budget bill with 198 votes in favor, two votes against while four MPs abstained from voting.

  • EghtesadOnline: Lawmakers finally approved the outlines of the fiscal 2021-22 budget revised by the government on Tuesday with 211 votes in favor and 28 against, while six MPs abstained from voting.

  • EghtesadOnline: The government will submit a new budget bill to the Iranian Parliament.