Tehran Municipality’s budget ratified

Business Materials 2 February 2015 18:10 (UTC +04:00)

Baku, Azerbaijan, Feb. 2

By Fatih Karimov - Trend: The City Council of Tehran has ratified Tehran Municipality's 172 trillion rials (about $4.85 billion) budget for the next Iranian year, starting on March 21.

This is while the municipality's debts are estimated to be around 330 trillion rials (about $9.4 billion), Iran's IRNA news agency reported on Feb. 2.

Some 100 trillion rials (about $2.85 billion) of the debt is related to domestic and foreign banks and the rest to private organizations and institutions.

Edited by CN