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  • 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.

  • 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.