Iran’s parliament ratifies budget bill for next year

EghtesadOnline: Majlis (Iranian parliament) on Sunday approved the country’s budget for the next Iranian year of 1396 (March 2017-March 2018).

News ID: ۷۷۴۳۹۲

06 March 2017

The bill was ratified with 160 for votes, 19 against and four abstentions, IRNA reported.

The figure is to be divided in public expenses and budget for ministries and state run organizations.

President Hassan Rouhani had submitted the bill to the parliament on Sunday, December 9, 2016.

The total amount of Iran’s annual budget is fixed at 11,527 trillion rials. Each dollar has been considered 33,000 rials in the budget bill.