Majlis passes 9,000 trillion rials budget for current year

Tehran, April 19, IRNA – Majlis on Tuesday approved 9,000 trillion rials budget for the current Iranian year of 1395 (March 20, 2016-March 20, 2017).

The budget was approved by 152 votes in favor, 24 votes against and five absentions.

General resources account for more than 2,943 trillion of the budget and exclusive revenues of state institutes and ministries account for more than 410,975 billion.

The budget of state companies, banks and profit institutes, belonging to government, stand at more than 6,628 trillion rials in terms of revenues.
The budget plan envisaged more than 6,628 trillion rials in terms of expenditures and other payments.

The MPs got involved in studying the budget bill since last Sunday and ended the study after 11 sessions in eight days.

The government said that the delay to present the budget plan to the parliament was due to the ambiguity in the oil prices and it was determined at 40 dollars a barrel.