Of­fi­cial: Next bud­get bill fo­cuses on Ira­ni­ans’ liveli­hood amid US sanc­tions

Iran Daily - - Domestic Economy -

The head of Iran’s Bud­get and Plan­ning Or­ga­ni­za­tion said the bud­get bill for the next fis­cal year that will be­gin on March 21 has been sub­mit­ted to the Par­lia­ment.

Mo­ham­mad Baqer Nobakht said at a press con­fer­ence to un­veil the bud­get bill to re­porters that the gov­ern­ment had put a huge amount of en­ergy into de­vel­op­ing a “just and trans­par­ent bill”, re­ported Press TV.

Ac­cord­ing to Nobakht, the next year’s bud­get is 12 per­cent higher than the bud­get for the cur­rent fis­cal year (which be­gan on March 21), adding that it en­vis­ages a to­tal spend­ing of around 433 quadrillion ri­als ($103 bil­lion) from var­i­ous sources in­clud­ing taxes, di­vest­ing state-run shares and oil sales.

Mean­while, the pro­posed bud­get bill ex­pects a 27-per­cent de­pen­dence on oil rev­enues and fore­casts 1.5 mil­lion bar­rels of oil sales per day at $54 per bar­rel. It also re­quires the gov­ern­ment to al­lo­cate $14 bil­lion (at the ex­change rate of 42,000 ri­als) to sup­ply ba­sic goods to back Ira­ni­ans’ liveli­hood amid the uni­lat­eral US sanc­tions. To this end, it also man­dates the al­lo­ca­tion of 1.42 quadrillion ri­als for sub­si­dies ei­ther as cash or in the form of ba­sic goods to qual­i­fied Ira­ni­ans.

Deputy Head of Iran’s Bud­get and Plan­ning Or­ga­ni­za­tion Hamid Poor­mo­ham­madi, who ac­com­pa­nied Nobakht in the con­fer­ence, said that the bill was mainly fo­cused on Ira­nian’s liveli­hood, do­mes­tic pro­duc­tion, and sup­port for the en­vi­ron­ment and ad­vance in science. On Mon­day, Nobakht said the plan­ners of the bill took into con­sid­er­a­tion some ma­jor points in­clud­ing re­duc­ing the pres­sure posed by US sanc­tions on Ira­ni­ans’ lives, sup­ply­ing ba­sic goods, and pay­ing spe­cific at­ten­tion to do­mes­tic pro­duc­tion sec­tor and job cre­ation.

IRAN DAILY

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