US budget deficit widens to $1.8 trillion

The United States has reported its budget deficit has risen to $1.8 trillion for the past year, the third highest on record.

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Publish Date:19/October/2024 | 15:00

Iran Gov’t Says Deficit to Hit $11b in 2022-23 Budget

EghtesadOnline: Despite government efforts to minimize the deficit in March 2022-23 budget, numbers seen in the fiscal budget show a deep gulf between income and expenditure.

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Publish Date:11/January/2022 | 15:53

Contractionary Budget Comes With a Caveat: Higher Unemployment

EghtesadOnline: Contractionary fiscal policies included in the fiscal 2022-23 budget bill will lead to higher unemployment, Mohammad Reza Monjazeb, an economic expert said in an article published by the Persian daily Ta’adol. A translation of the text follows:

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Publish Date:21/December/2021 | 16:36

Tax on Stock Trade to Decline 40% in 2022-23 Fiscal Budget

EghtesadOnline: The government’s projected income from tax on stock trade has declined by a massive 40% in the 2022-23 draft budget.

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Publish Date:20/December/2021 | 15:51

Iran’s Next Budget Assumes No Nuclear Deal

EghtesadOnline: On Dec. 12, Iran’s President Ebrahim Raisi submitted his proposed budget to parliament for the Iranian year 2022-23, which begins in March. According to the initial numbers, Tehran appears to assume that nothing will emerge from the nuclear talks in Vienna, Austria, and that the country will not be any more successful than it has been at evading US sanctions, reads an article published by the Washington Institute for Near East Policy. Excerpts follow:

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Publish Date:18/December/2021 | 16:15

2022-23 Draft Budget Forecasts Less Bonds

EghtesadOnline: The government has cut its income forecast from bonds in the 2022-23 draft budget.

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Publish Date:18/December/2021 | 13:15

Economic Expert Surveys Fiscal 2022-23 Budget

EghtesadOnline: Except from a few key aspects, the fiscal 2022-23 budget bill submitted by President Ebrahim Raisi to the Iranian Parliament on Sunday is not different from the budget proposed by previous governments.

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Publish Date:15/December/2021 | 16:02

Next Budget Sees 25% Rise in State Banks’ Net Income

EghtesadOnline: Net earnings of eight Iranian state-owned banks and the Central Bank of Iran has been forecast at 2,314.28 trillion rials ($7.8 billion) in the March 2022-23 draft budget.

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Publish Date:14/December/2021 | 16:48

New Budget Bill in Parliament

EghtesadOnline: President Ebrahim Raisi submitted the fiscal 2022-23 budget bill to the parliament on Sunday.

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Publish Date:13/December/2021 | 14:58

2022-23 Draft Budget Appears Promising for Crisis-Hit Bourse

EghtesadOnline: A look at the government’s proposed budget for March 2022-23 shows if passed it should be propitious for the struggling stock market.

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Publish Date:12/December/2021 | 15:52

Iran Gov’t Budget Deficit to Exceed $10b

EghtesadOnline: The government is expected to run a budget deficit of 2,800 trillion rials ($10.2 billion) by the end of the current fiscal year (March 2021-22), forecasts Majlis Research Center, the research arm of the Iranian Parliament.

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Publish Date:20/October/2021 | 14:19

82% of Revenues, 125% of Expenses Realized in Fiscal 2020-21 Budget

EghtesadOnline: New data released by the Supreme Audit Court of Iran show the government supplied 82.5% of public resources in the last fiscal year’s budget (2020-21), as expenditure hit over 125% of the target.

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Publish Date:16/October/2021 | 13:52

Foreign Ministry’s Budget Down 10%

EghtesadOnline: The Foreign Ministry’s budget, when converted to foreign currency, is 10% less in the current fiscal year (2021-22) compared with that of last year (2020-21).

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Publish Date:27/June/2021 | 06:14

Gov’t Over- Borrowing From CBI

EghtesadOnline: In the first two month of current fiscal year (March 21-May 20) the government borrowed 400 trillion rials ($1.7 billion) in discretionary spending from the Central Bank of Iran, deputy head of the Plan and Budget Organization for economic affairs.

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Publish Date:29/May/2021 | 13:51

PBO: Gov’t Met 98.6 Percent of Fiscal 2020-21 Budget Outlay

EghtesadOnline: The government met 98.6% of the fiscal 2020-21 budget outlay, despite the significant shocks of US “maximum pressure” campaign and the coronavirus pandemic, says Hamid Pourmohammadi, the deputy head of Plan and Budget Organization of Iran.

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Publish Date:26/May/2021 | 24:13

Budget Earmarks $15.7b as Home Construction Loans

EghtesadOnline: As per the Budget Law for the fiscal 2021-22, all banks and credit institutions must pay construction loans for a total of 1.2 million residential units in the current Iranian year that started on March 21, says Deputy Roads Minister Mahmoud Mahmoudzadeh.

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Publish Date:17/May/2021 | 18:23

Fiscal 2021-22 Budget Headed to Guardians Council for Verification

EghtesadOnline: Members of the parliament on Saturday approved the next fiscal year’s budget bill with a 170-8 vote while six members abstained.

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Publish Date:08/March/2021 | 19:36

New Budget Will Spawn Inflation

EghtesadOnline: The central bank governor says provisions of the March 2021-22) are likely to keep the money-printing presses busier and expand the money supply.

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Publish Date:08/March/2021 | 19:05

New Towns Development Company’s Fiscal 2021-22 Budget at $167m

EghtesadOnline: The government has allocated 42,700 billion rials ($167 million) to New Towns Development Company as per the budget bill for the next fiscal year (March 2021-22), a board member of the company told the website of the Ministry of Roads and Urban Development.

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Publish Date:01/March/2021 | 20:03

$35.7 Billion Approved as 2021-22 Budget Revenues

EghtesadOnline: On Sunday, Iranian lawmakers approved the revenues section in the next fiscal year’s budget bill with 198 votes in favor, two votes against while four MPs abstained from voting.

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Publish Date:01/March/2021 | 19:59