BAKU, Azerbaijan, Jan.8
Trend:
The changes to the new Iranian year (starts March 21,2021) budget plan that is done by the parliament Integration Commission is contrary to the budget structure and it could take the domestic market off its balance, said the Chief of Staff of the President of Iran Mahmoud Vaezi, Trend reports via Mehr News Agency.
"The changes include Increase of official foreign currency rate of 42,000 rial per USD to 175,000 rials, instead of the government's suggestion for raising rate to 115,000 rials, increase of income tax and customs tariffs would increase commodity and services prices in the new Iranian year (starts March 21,2021)," said Vaezi.
"If the budget structure changes, the government wouldn't not execute the new Iranian year budget plan. Our effort is to reach an agreement with the parliament over a well-drafted budget," he said.
"The parliament Integration Commission approval is not parliamentary approval but it could have a negative impact, and create concerns," he said.
"The Integration Commission has made serious changes in the government budget bill, including elimination of official foreign currency rate of 42,000 rials per USD. Such a move would lead to increase of commodity prices and put extra pressure on people," he said.