Bud­get bill sees $3.5b in pro­tec­tive pack­ages

Tehran Times - - ECONOMY -

TEHRAN — The bud­get bill for the next Ira­nian cal­en­dar year (starts on March 21, 2019) is es­ti­mated sup­ply­ing

100 tril­lion ri­als-150 tril­lion ri­als (about

$2.38 bil­lion-$3.57 bil­lion) of pro­tec­tive pack­ages to the qual­i­fied Ira­ni­ans, IRNA quoted the Head of Bud­get and Plan­ning Or­ga­ni­za­tion Mo­ham­mad Baqer Nobakht as say­ing on Tues­day.

The of­fi­cial had said on Mon­day that re­duc­ing the posed pres­sure by U.S. sanc­tions on Ira­ni­ans’ lives, sup­ply­ing ba­sic goods, and pay­ing a spe­cific at­ten­tion to do­mes­tic pro­duc­tion and job cre­ation are among the ma­jor op­tions con­sid­ered in the planned bud­get.

Pay­ing cash sub­si­dies and sup­ply­ing pro­tec­tive pack­ages to qual­i­fied Ira­ni­ans stand among other fo­cal points in the next year’s bud­get, he added and in­formed that the gov­ern­ment has ac­com­plished prepa­ra­tion of the bud­get bill and is to present it to the par­lia­ment this Thurs­day.

Also, Behrooz Ne­mati, the spokesman for the pre­sid­ing board of the par­lia­ment, an­nounced in a tele­phone in­ter­view with IRIB on Sun­day night that the gov­ern­ment has sup­pos­edly es­ti­mated sales of 1.5 mil­lion bar­rels per day of oil at the price of $54 per bar­rel in the bud­get bill.

“Each dol­lar is pre­dicted to worth 57,000 ri­als in the bud­get bill,” he added.

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