CapEx Tops $6b in Two Months

EghtesadOnline: The government’s capital expenditure during the first two months of the current Iranian year (March 21-May 21) stood at 280 trillion rials ($6.66 billion), which constitutes 22% of this year’s ratified CapEx figure in the budget law, the head of Plan and Budget Organization of Iran said.

News ID: ۷۸۲۸۵۲

10 June 2018

Noting that this year’s projected CapEx budget has increased to 1,260 trillion rials ($30 billion), Mohammad Baqer Nobakht added that 700 trillion rials ($16.66 billion) were invested in development projects last year (March 2017-18) while the government’s operating budget amounted to 3,860 trillion rials ($91.9 billion), IRNA reported. Ever since 2001, the first year of the Islamic Republic of Iran’s Third Five-Year Development Plan, the share of government’s operating budget has overtaken that of capital expenditure, Financial Tribune reported.