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Stake sale Big Part of Budget

EghtesadOnline: The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget.
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Publish Date:07/December/2020 | 18:17

Oil Dependency in New Budget Is Unwarranted

EghtesadOnline: Return of normalcy to Iran’s oil export after US president-elect Joe Biden takes office in January and eases the economic siege is way off, a deputy head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture's Exports Commission said.
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Publish Date:06/December/2020 | 19:56

Departure Tax Rate Unchanged in New Budget Bill

EghtesadOnline: The Iranian government has set the next year’s departure tax at 2.64 million rials ($10.5) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year (March 2021-22), 50% more for their second trip (3.96 million rials or $15.8) and 100% more for the third or more trips, i.e., 5.28 million rials ($21.1).
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Publish Date:05/December/2020 | 13:16

Gov’t Submits $37 Billion Budget Bill to Parliament

EghtesadOnline: Vice President for Parliamentary Affairs Hosseinali Amiri submitted the budget bill for the next fiscal year (March 2021-22) to the parliament on Wednesday.
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Publish Date:04/December/2020 | 15:21

Sources of Financing Essential Imports Narrow in New Budget

EghtesadOnline: The government was allowed to tap into revenues gained from the export of crude oil, gas condensates and natural gas to allocate cheap foreign currency at the rate of 42,000 rials per US dollar to import essential goods as per the budget laws of the fiscal years ending March 2020 and 2021.
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Publish Date:26/November/2020 | 16:00

2021-22 Budget Bill Forecasts Oil Export of 650,000 bpd

EghtesadOnline: The budget bill of fiscal 2021-22 has projected an export of 650,000 barrels per day of crude oil, the deputy head of Plan and Budget Organization said on Monday.
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Publish Date:18/November/2020 | 14:22

Tehran Province Seeking Bigger Share of Budget

EghtesadOnline: Tehran Province has called for revising the current system of allocating provincial budget, so that factors like the provinces' population and living costs are taken into account.
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Publish Date:15/November/2020 | 15:32

Share Offers Here to Stay

EghtesadOnline: Government policy to sell stakes in state-run companies will continue to generate revenue for the next fiscal budget (March 2021-22), head of the Plan and Budget Organization said.
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Publish Date:19/September/2020 | 24:04

Deliberations on Fiscal 2021-22 Budget Commence

EghtesadOnline: The Plan and Budget Organization held the first meeting of the so-called Headquarters for the Fiscal 2021-22 Budget on Saturday evening.
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Publish Date:24/August/2020 | 11:54

Central Bank of Iran Sees Reason in Gov’t Oil Presale Proposal

EghtesadOnline: The governor of Central Bank of Iran has backed a government crude oil presale plan of action for domestic buyers, saying that it is one of the few government options to fund the budget deficit in a “healthy” manner.
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Publish Date:13/August/2020 | 09:22

Investors Pour $695m in Exchange-Traded Funds

EghtesadOnline: The government earned 160 trillion rials ($695 million) by selling its shares in state companies via the stock market -- a figure far beyond initial projection in the fiscal budget (March 2020-21).
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Publish Date:09/August/2020 | 10:37

Taming Inflation the Iran's CB Way

EghtesadOnline: The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months.
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Publish Date:03/August/2020 | 08:04

Iran: Bonds Worth $191m Sold

EghtesadOnline: The government sold 44 trillion rials ($191 million) in bonds at the weekly auction on Tuesday. So far it has generated 464 trillion rials ($2 billion) in nine auctions that have been set up to help plug budget deficits.
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Publish Date:30/July/2020 | 11:18

Iran Social Security Organization’s Current Fiscal Budget Exceeds $7.6b

EghtesadOnline: Iran Social Security Organization’s budget for the current fiscal year (March 2020-21) is at 1,700 trillion rials ($7.65 billion), which will be financed through capital gains and employment insurance premiums, says Morteza Lotfi, a board member of the organization.
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Publish Date:23/July/2020 | 09:01

Gov’t Raises $287m in 8th Bond Auction

EghtesadOnline: Islamic bonds worth 61.7 trillion rials ($287 million) were sold during the weekly bond auction on Tuesday. The auctions are in line with the government’s efforts to access funds for fixing its budget deficit.
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Publish Date:23/July/2020 | 08:59

Iran Gov’t Unveils Draft of Fiscal 2020-21 Budget Overhaul

EghtesadOnline: The government unveiled the draft plan for the overhaul of the current fiscal year’s budget law (March 2020-21) on Saturday, which “entails a major surgery of the economic and administrative systems and requires consensus”, Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, said on Wednesday.
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Publish Date:07/June/2020 | 07:01

$880K Allocated to Fighting Wildfires

EghtesadOnline: The Plan and Budget Organization has allocated 150 billion rials ($880,000) to the Forests, Ranges and Watershed Management Organization to help battle wildfires across the country as the weather grows warmer.
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Publish Date:01/June/2020 | 24:52

Anti-Inflationary Moves Commended

EghtesadOnline: The Plan and Budget Organization says role of the stock market and the Central Bank of Iran monetary policy is pivotal to curbing inflation.
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Publish Date:19/May/2020 | 10:13

Subways Suffering Shortfalls

The challenging task of developing the subway system in Iranian metropolises has raised concerns among urbanists who censure mismanagement and lack of budget for the lagging progress.
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Publish Date:28/April/2020 | 05:37