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FinancialNews
12-08-21
Iran alters budget bill to be implemented by Planning, Budget Organization
(MENAFN)IRNA quoted Iranian President Seyyed Ebrahim Raisi as saying that this Iranian year’s (started on March 20) altered national budget bill to be completed by the Planning and Budget Organization (PBO).
Based on Article 123 of the Constitution of the Islamic Republic of Iran, President Raisi sent the confirmed changes to PBO on Wednesday.
Majlis (Iranian parliament) confirmed the altered national budget bill for this calendar year in mid-March.
The altered bill stood at to about 28.823 quadrillion rials (about USD686.261 billion at the official volume of 42,000 rials).
The introduced bill, first submitted to Majlis in early December 2020, amounted at 24.357 quadrillion rials (about USD579.928 billion), with a 20-percent increase from the current year’s approved budget.
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