Former Iranian official: Budget underspend cannot be carried forward
Azerbaijan, Baku, Mar. 2/ Trend F.Milad/
A former Iranian official has said that the administration is not committed to fully implement stipulations of the budget bills.
The former deputy commerce minister Mohsen Bahrami Arzqods told ILNA news agency that the government just spent 23 percent of the 390 trillion rials (some $32 billion) budget which had been allocated to development plans in the current year. The administration is not committed to implement stipulations of the next year's budget bill as well, he said.
Iran's next year budget bill has been prepared so that it fully meets national demands in any situation amid international economic sanctions against the Islamic Republic, the vice president for parliamentary affairs Mohammadreza Mirtajeddini said on February 12.
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 February 1.
The proposed national budget amounts to about 5.1 quadrillion rials (approximately $416 billion). The national budget for the previous year had envisaged about 5.39 quadrillion rials of expenditures.
The administration's draft national budget plan also allocates more money for development, scientific research, and health projects.
Reportedly, next year's national budget is based on an oil price of $85 per barrel and the average value of the U.S. dollar for the fiscal year has been projected to be 11,500 rials.