Tehran Times - The Iranian government has allocated 270 trillion rials (over $6.4 billion at the official exchange rate) for the completion of unfinished development projects, Tasnim reported on Friday, quoting head of the Planning and Budget Organization (PBO) as saying.

Despite a limitation in financial resources, a total budget of 430 trillion rials ($10.23 billion) was earmarked for the completion of unfinished development projects, of which 270 trillion has so far been allocated, according to Mohammad Baqer Nobakht.

�We have decided to spend the money on projects that can be completed this year (ending March 20, 2020),� the official said, adding, �There are over 80,000 semi-finished development projects across the country.�

He referred to the completion of semi-finished development projects as a top priority for the government, saying that at least four quadrillion rials (over $95 billion) is needed to complete all such projects.

In February, the industry minister Reza Rahmani announced that completing 12,000 semi-finished industrial projects with over 60 percent progress across the country was a priority.

Meanwhile, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has underlined the need for implementing semi-finished projects, saying it is a top priority for the current fiscal year.