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Budget

  • EghtesadOnline: The government has allocated 2 trillion rials ($8.5 million) for the completion of Qazvin-Zanjan double-tracking rail project, the head of Plan and Budget Organization said.

  • EghtesadOnline: The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months.

  • EghtesadOnline: The government sold 44 trillion rials ($191 million) in bonds at the weekly auction on Tuesday. So far it has generated 464 trillion rials ($2 billion) in nine auctions that have been set up to help plug budget deficits.

  • EghtesadOnline: Iran Social Security Organization’s budget for the current fiscal year (March 2020-21) is at 1,700 trillion rials ($7.65 billion), which will be financed through capital gains and employment insurance premiums, says Morteza Lotfi, a board member of the organization.

  • EghtesadOnline: Islamic bonds worth 61.7 trillion rials ($287 million) were sold during the weekly bond auction on Tuesday. The auctions are in line with the government’s efforts to access funds for fixing its budget deficit.

  • 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.