Azerbaijan, Baku, Jul.15/ Trend F.Milad/
The Iranian parliament's move to change the current year's budget bill, which has been prepared by the parliament, will cost billions of rials to the nation, the Mehr News Agency cited a report by the administration's website.
The budget bill had been prepared in 16 articles, but the parliament added some 100 articles to it, the report said. This will impose thousands of billion rials in unwanted costs on the administration, it said.
Iran's state budget for the current year approved by parliament is 5.66 quadrillion rials (about $461 billion), or 9.5 percent more than last year (5.17 quadrillion rials).
The parliament has also approved $85 oil price in drafting the current year's budget bill. The previous year's budget bill has been prepared based on $81.5 oil price.
President Mahmoud Ahmadinejad has said that the budget for this Iranian year, which runs through March 2013, is aimed at reducing the country's dependence on oil revenues.
On July 1, the governor of Iran's central bank said that Tehran will fight the West's economic sanctions by utilizing the country's $150 billion in foreign exchange reserves.
Mahmoud Bahmani said although the West has banned financial transactions with the Central Bank of Iran (CBI), the CBI has prepared plans to deal with the sanctions.
"We are implementing programs to counter sanctions and we will confront these malicious policies," he told reporters as the European Union's oil embargo against Iran took effect on July 1.
He said the foreign reserves would provide Iran with the liquidity to pay for its imports.