Iran’s Vice President: Budget bill fully meets national demands despite sanctions
Azerbaijan, Baku, Feb. 12/ Trend F.Milad/
Iran's budget bill for next year has been prepared so that it fully meets national demands in any situation amid international economic sanctions against the Islamic Republic, IRNA quotes Vice President for Parliamentary Affairs Mohammadreza Mirtajeddin, as saying.
He said the country is completely prepared to counter the sanctions.
Iranian President Mahmoud Ahmadinejad presented the administration's draft of the national budget bill for Iranian calendar year 1391, which starts on March 20, to the Majlis on Feb.1.
The proposed national budget amounts to about 5.1 quadrillion rials (approximately $416 billion). The national budget for the previous year envisaged about 5.39 quadrillion rials of expenditures.
The administration's draft national budget plan also allocates more funds for development, scientific research, and health projects.
Reportedly, next year's national budget is based on an oil price of $85 per barrel and average value of the U.S. dollar for the fiscal year has been projected at 11,500 rials.