Iran’s next year budget bill faces $13.5B negative balance
Baku, Azerbaijan, Dec. 7
By Fatih Karimov - Trend:
Iran's next year budget bill faces $13.5 billion negative balance between income and expenses.
The government's income is estimated to be about $35 billion, while expenses are estimated to be about $48 billion, Iran's ISNA news agency reported on Dec. 7.
US dollar free market exchange rate is about 34,000 rials in Iran.
The budget bill has envisaged that tax income to hit $25 billion next year.
The next Iranian calendar year will begin on March 21, 2015.
Up to $1.5 billion will be invested to improve public transportation and implement energy saving plans.
Also, $400 million has been allocated for paying loans to villagers and low-income families to revamp and reconstruct their houses.
The government has been also allowed to invest $300 million in job creation plans for the youth and university graduates.