Baku, Azerbaijan, Dec. 4
By Khalid Kazimov – Trend:
Iranian President Hassan Rouhani has presented the government’s proposed budget bill for the next Iranian year (starting March 21).
President Rouhani attended the parliamentary open session this morning to present the proposed draft budget bill to the MPs, IRNA news agency reported.
Addressing the parliament, Rouhani touched upon the administration’s achievements in the country’s economic sector in particular lowering the inflation rate over the current year.
When President Rouhani took office in Aug 2013 the inflation rate was somewhere above 40 percent which dropped to single digits (9.5 percent) for the first time in June.
Parliament Speaker Ali Larijani after receiving the draft bill said that the lawmakers will probe into the plan and will make efforts to pass the bill over the current Iranian year.
In a separate report on the same day, Mehr news agency reported that the draft budget bill has put the price of per barrel of oil at $50 for the next year.
In the meantime, 20 percent of the country’s oil revenue will go to the National Development Fund.
The draft budget has also put the price of US dollar at 33000 rials.
The draft has predicted that Iran’s oil revenue from oil exports would stand at 1,100 trillion rials (about $33.3 billion according to US dollar rate against Iranian national currency envisaged by the draft bill).
The country’s revenue from taxes is also projected to hit 1,120 trillion rials ($33.9 billion).