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  • 15-12-21

    Iran proposes budget for next year of USD132b

    (MENAFN) President of Iran, Ebrahim Raisi handed in the government’s draft of the national budget bill for the upcoming Iranian calendar year 1401, that begins on March 21, 2022, to the Majlis during Sunday.

    The suggested budget stood at around 36.31 quadrillion rials (about USD132.518 billion at the trading rate of 274,000 rials).

    While increasing tax profits is being taken into account as one of the policies of the government to make up for for the decrease in the oil revenues and fight the imposed restrictions, the upcoming year’s budget bill has predicted to be 5.27 quadrillion rials (about USD19.233 billion) tax income, which is 62 percent above the figure for the present year.

    In the meantime, new tax bases have been taken into consideration in the budget bill, amongst them it may be allude to taxes on residences as well as cars.

    MENAFN15122021000045013568ID1103364249

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