BAKU, Azerbaijan, May 24
By Elnur Baghishov – Trend:
The minimum wage in Iran increased by 53 percent over the last Iranian year (from March 20, 2020 through March 20, 2021), compared to the preceding Iranian year (from March 21, 2019 through March 19, 2020), Deputy Head of Iran's Plan and Budget Organization Hamid Pourmohammadi said, Trend reports citing Fars News Agency.
Pourmohammadi noted that the increase applies to those, whose minimum wage was less than 40 million rials (about $952) in the last Iranian year.
“In general, wages in Iran increased by about 34 percent during the last Iranian year, compared to the preceding Iranian year,” he added.
The deputy said that a total of 2.02 quadrillion rials (about $ 48 billion) worth of securities were sold last Iranian year. Of this, 1.25 quadrillion rials (about $29.7 billion) were sold in Iran with the permission of the higher powers (government, parliament and judiciary). The value of securities in the budget was 1.6 quadrillion rials (about $38 billion) in the last Iranian year.
According to Pourmohammadi, the government currently owes the Central Bank of Iran (CBI) 1.27 trillion rials (about $30.2 billion). These debts arose through targeted subsidies and gas and electricity exports to Iraq.
As reported, the value of Iran's annual approved budget was 5.7 billion rials (about $135 billion) in the last Iranian year.