De­vel­op­ment plans to see 79% bud­get rise next year

Tehran Times - - FRONT PAGE -

TEHRAN— The na­tional bud­get bill for the next Ira­nian cal­en­dar year (start­ing on March 21) has en­vis­aged 79 per­cent more bud­get for de­vel­op­ment projects, the gov­ern­ment spokesman an­nounced.

In a press con­fer­ence on Tues­day, Mo­ham­mad Baqer Nobakht said the com­ing year’s bud­get for de­vel­op­ment projects is 334.54 tril­lion ri­als (about

$7.43 bil­lion), while the fig­ure was 186.43 tril­lion ri­als (about $4.14 bil­lion) for the present year, IRNA re­ported.

The Ira­nian par­lia­ment (Ma­jlis) on Fe­bru­ary 22 ap­proved a 12.175-quadrillion-rial (about $270.55 bil­lion) na­tional bud­get bill for the next Ira­nian cal­en­dar year.

On De­cem­ber 10, 2017, Pres­i­dent Has­san Rouhani pre­sented the ad­min­is­tra­tion’s draft of the na­tional bud­get bill to the Ma­jlis.

The bill was re­jected on Jan­uary 28 dur­ing the open ses­sion of the par­lia­ment with 83 votes in fa­vor, 120 votes against and 9 ab­sten­tions, me­dia re­ported.

Then the bill was re­turned to a joint par­lia­men­tary com­mit­tee for re­vi­sions. The joint com­mis­sion is a leg­isla­tive body re­spon­si­ble for re­view­ing bud­get bills as well as the five-year de­vel­op­ment plans.

Af­ter re­vi­sion, the pub­lic re­sources in the bud­get bill in­creased by 14.3 per­cent to 4.43 quadrillion ri­als (about $98.44 bil­lion), from 4.25 quadrillion ri­als (about $94.44 bil­lion) of the pre­vi­ous pro­posed bill.

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