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  • 06-12-20

    Iran's government saves 310 trillion rials by reducing expenditures

    (MENAFN)The government has organizes to hoard 310 trillion rials (over USD7.38 billion) in the first eight months of this year in the Iranian calendar by plummeting the expenditures set in this year"s national budget law, according to the head of Iran"s Planning and Budget Organization (PBO).

    Mohammad-Baqer Nobakht declared on Saturday briefing the press on the details of this year"s national budget law, "According to the budget law, we were allowed to spend 5.71 quadrillion rials (about $135 billion), of which 3.84 quadrillion rials (about $91.4 billion) was the share of the first eight months. However, during this period 3.53 quadrillion rials (about $84 billion) were withdrawn from the treasury which is 310 trillion rials less than the expected figure."

    He further said that, "So far 3.34 quadrillion rials (about $79.5 billion) of the resources for the first eight months of the year have been deposited according to the treasury report."

    The official stated that, the expenditures have improved by 39 percent in the first eight months of this year in comparison with the number in the last year same period.

    MENAFN06122020000045011369ID1101240088

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