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Budget

  • EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati criticized the parliament’s decision to raise forex rates for importing essential goods, saying that it would negatively impact monetary variables.

  • EghtesadOnline: The government’s budget deficit (the excess of spending over revenue) is estimated to reach 3,190 trillion rials ($12.26 billion) as per the budget bill of next fiscal year (March 2021-22), i.e. five times the projected figure of the current year, says top advisor to the president of Tehran Chamber of Commerce, Industries, Mines and Agriculture and former official with Industries Ministry.

  • EghtesadOnline: The government has estimated 10 trillion rials ($38.46 million) for the procurement of coronavirus vaccine in the budget bill of the next fiscal year (March 2021-22), an official with Plan and Budget Organization and spokesperson of Budget 1400 Headquarters said.

  • EghtesadOnline: The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget.

  • EghtesadOnline: Return of normalcy to Iran’s oil export after US president-elect Joe Biden takes office in January and eases the economic siege is way off, a deputy head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture's Exports Commission said.

  • EghtesadOnline: The Iranian government has set the next year’s departure tax at 2.64 million rials ($10.5) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year (March 2021-22), 50% more for their second trip (3.96 million rials or $15.8) and 100% more for the third or more trips, i.e., 5.28 million rials ($21.1).

  • EghtesadOnline: Vice President for Parliamentary Affairs Hosseinali Amiri submitted the budget bill for the next fiscal year (March 2021-22) to the parliament on Wednesday.

  • EghtesadOnline: The government was allowed to tap into revenues gained from the export of crude oil, gas condensates and natural gas to allocate cheap foreign currency at the rate of 42,000 rials per US dollar to import essential goods as per the budget laws of the fiscal years ending March 2020 and 2021.

  • EghtesadOnline: The budget bill of fiscal 2021-22 has projected an export of 650,000 barrels per day of crude oil, the deputy head of Plan and Budget Organization said on Monday.

  • EghtesadOnline: Tehran Province has called for revising the current system of allocating provincial budget, so that factors like the provinces' population and living costs are taken into account.