EghtesadOnline: The Iranian Parliament, also known as Majlis, rejected the outlines of the upcoming fiscal year’s (starting March 20, 2020) budget bill on Monday.
EghtesadOnline: A total of 118.18 trillion rials ($872.17 million) have been allocated for the transportation sector in the next fiscal year's (March 2020-21) budget bill, of which 95.3% will be spent on development projects and 4.7% on operating expenses.
EghtesadOnline: In the next budget bill, $74 million will be earmarked for generating energy from waste, lawmaker Qasem Ahmadi Lashaki said.
EghtesadOnline: The parliamentary body responsible for reviewing the budget bill, the Majlis Joint Commission, has approved the pooling of next year’s revenues gained from the implementation of the Targeted Subsidies Law of 2010 and those earned from raising gasoline price since mid-November 2019.
EghtesadOnline: As projected in the draft budget bill for the fiscal 2020-21, the Iranian government has permitted municipalities to issue sukuk (Islamic bonds) to the tune of 50 trillion rials ($357 million) for expanding urban public transportation.
EghtesadOnline: Based on the March 2020-21 budget bill, close to $160 million will be allocated to dam construction in the next Iranian year.
EghtesadsOnline: Selling one million barrels of oil a day as forecast in the March 2019-20 budget bill is wishful thinking in the absence of robust diplomatic relations with neighbors and the world, a member of the Majlis Energy Commission said.
EghtesadOnline: As per the budget bill for the next Iranian year (March 2020-21), all healthcare centers, including public or private-run health clinics and facilities as well as charity medical centers or those affiliated to the Armed Forces and state companies have been obliged to deduct 10% of their physicians’ fees and pay it in taxes to the Iranian National Tax Administration.
EghtesadOnline: In the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via exchange-traded funds.
EghtesadOnline: The Iranian government has set next year’s departure tax at 2.64 million rials ($20) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year (March 2020-21), 3.96 million rials ($30) for their second trip and 5.28 million rials ($40) for the third or more trips.