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Details of Iran's budget for next year announced

Finance Materials 2 December 2020 14:01 (UTC +04:00)
Details of Iran's budget for next year announced

BAKU, Azerbaijan, Dec. 2

By Elnur Baghishov – Trend:

The number of revenues and expenses based on Iran's budget project for next Iranian year (from March 21, 2021, to March 21, 2022) submitted by the Iranian government to Iranian parliament has been declared, Trend reports citing Plan and Budget Organization of Iran’s information portal.

Today on Dec. 2, the budget project of the Iranian government for the next Iranian year was submitted to the Iranian parliament for approval.

According to the budget project, the revenues will amount to 3.17 quadrillion rials (about $75.6 billion) while the expenses - 6.37 quadrillion rials (about $152 billion).

In addition, it is estimated that the sale of capital assets on-budget project will be 2.25 quadrillion rials (about $ 53.6 billion), while the purchase of capital assets - 1.04 quadrillion rials (about $24.7 billion).

According to the budget project, the sale of financial assets will amount to 2.98 quadrillion rials (about $71 billion), and the purchase of financial assets - 1 quadrillion rials (about $23.9 billion).

Also, the amount of the Iranian government’s total revenues and expenses is estimated to be 8,41 quadrillion rials (about $241 billion).

Furthermore, it is estimated that the amount of the Iranian government's special revenues and expenses will be 884 trillion rials (about $21 billion) in total.

According to the budget project, the total amount of revenues and expenses of state-owned companies, state-owned enterprises, and banks will be 15.6 quadrillion rials (about $372 billion).

At the same time, the total amount of Iran's revenues and expenses on the budget project is expected to be 24.9 quadrillion rials (about $593 billion). And about 560 trillion rials (about $13.3 billion) will be deducted from this figure.

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