EghtesadOnline: The Plan and Budget Organization of Iran will submit the budget plan of state-run companies in the next fiscal year (March 2020-21) to the parliament on Nov. 6 and that of government public spending a month later, on Dec. 6, said the head of PBO, Mohammad Baqer Nobakht.
EghtesadOnline: The government paid 360 trillion rials ($2.8 billion) to compensate losses incurred by the misconduct of shadow banks and unruly lenders in recent years, said Mohammad Baqer Nobakht, the head of Plan and Budget Organization.
EghtesadOnline: Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, says despite sanctions, the government’s financial resources have increased more than 20% in the first seven months of the current year (March 21-Oct. 22) compared with the same period of last year.
EghtesadOnline: Head of Iran Chamber of Guilds Ali Fazeli has been appointed as a new member of the Budgeting Committee by the head of Plan and Budget Organization, Mohammad Baqer Nobakht.
EghtesadOnline: A silo with a capacity of 40,000 tons of grains was unveiled on Saturday in Tehran’s southeastern Pakdasht County in the presence of Mohammad Baqer Nobakht, vice president and the head of Plan and Budget Organization.
EghtesadOnline: As per the budget bill of the next fiscal year (starting March 21), the government will allocate a total of 3,270 trillion rials ($76 billion) to create more than 1.03 million jobs, the government spokesman said.
EghtesadOnline: Some 830,000 people are expected to enter Iran’s labor market in the next fiscal year (March 2018-19), 70% of whom will be university graduates, Government Spokesman Mohammad Baqer Nobakht said on Sunday.
EghtesadOnline: The government has allocated 1 trillion rials ($24 million) as compensation to chicken farmers for the massive losses caused by the recent outbreak of avian flu across the country, Government Spokesman Mohammad Baqer Nobakht said on Tuesday.
EghtesadOnline: The government will allocate 6,590 billion rials ($164 million) in loans and 2,810 billion rials ($70 million) as grants to households in the quake-stricken Kermanshah Province in western Iran, said Government Spokesman Mohammad Baqer Nobakht in Wednesday’s Cabinet meeting.
EghtesadOnline: Foreign investment in Iran has seen a tenfold increase following the 2015 nuclear deal reached between Iran and six world powers, the government spokesman said.