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.