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Iranian MPs approve general budget amount for next fiscal year

Business Materials 26 February 2017 15:47 (UTC +04:00)

Baku, Azerbaijan, Feb. 26

By Khalid Kazimov – Trend:

Iranian parliamentarians have approved the amount of the country’s general budget for the coming fiscal year (starting March 21).

According to the bill, the amount of the country’s general budget for the next year will stand at $120.7billion (3.983 quadrillion rials), IRNA news agency reported.

According to the bill, revenues earned by ministries and state organizations and companies are expected to total $15.645 billion (516.3 trillion rials).

President Hassan Rouhani handed over his proposed draft budget bill to parliament last December. The draft budget has put the price of US dollar at 33,000 rials.

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