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Rohani’s administration to revise budget bill as it does not meet government income goals

Business Materials 19 August 2013 21:22 (UTC +04:00)
Iran's current year budget bill will be revised as one third of government incomes will not be realized, ISNA quoted first vice president Es'haq Jahangiri as saying.
Rohani’s administration to revise budget bill as it does not meet government income goals

Azerbaijan, Baku, Aug.18 / Trend F.Karimov /

Iran's current year budget bill will be revised as one third of government incomes will not be realized, ISNA quoted first vice president Es'haq Jahangiri as saying.

The budget bill has envisaged 2100 trillion rials (about $84 billion) in government incomes, but it should be changed to 1400 trillion rials (about $56 billion), he noted.

He also said that one of the most important measures of the administration of President Hassan Rohani will be the revision of the budget bill in the parliament by the next 100 days.

The current Iranian calendar year started on March 21.

In July, economic advisor to the president, Mohammad Bagher Nobakht, said that the current year's budget is too optimistic so the next administration should revise it.

The budget should be based on realistic figures and in line with the government's revenues and expenses," he said.

"As far as I know, the government managed to secure only 44 percent of the country's assigned budget in the first quarter of the current year," he said.

Previously some MPs had requested for an amendment to the budget bill.

Conservative MP Ahmad Tavakoli had said that the current year's budget is not realistic and may result in even higher inflation.

The Iranian parliament approved the current year's 7.270 quadrillion rials budget bill in May.

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