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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

Tax on Production Sector to Shift to Consumers

EghtesadOnline: A 4-5% decline in the production sector’s tax rates has been envisioned in the next fiscal year's budget (March 2021-22).
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Publish Date: 15/September/2020 | 10:00

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

Putin Government Rewriting Budget at $20 Oil in 2020

EghtesadOnline: President Vladimir Putin’s government is rewriting its budget to prepare for oil prices at $20 a barrel this year despite US-led efforts to get major producers to rein in production.
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Publish Date: 05/April/2020 | 19:30

Tehran Mayor Submits Next Budget

EghtesadOnline: Tehran Mayor Pirouz Hanachi submitted the budget for the next fiscal year (March 2020-21) to the capital city’s Islamic City Council on Sunday.
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Publish Date: 04/February/2020 | 13:03

Indian Budget Allocates Close to $14 Million to Chabahar Port Project

EghtesadOnline: In India, Rs17,300 crore ($2.41 billion) have been allocated for the Ministry of External Affairs in the budget, with Rs100 crore ($13.98 million) earmarked for the strategic Chabahar Port project in southeastern Iran, which gives India connectivity to Afghanistan bypassing Pakistan.
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Publish Date: 03/February/2020 | 24:48

EGFI Wants to Double Capital

EghtesadOnline: Export Guarantee Fund of Iran, a state-owned export credit agency, is set to increase its capital by €100 million in the next (March 2020-21) budget and it is working hard to further increase this amount to enhance performance.
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Publish Date: 22/December/2019 | 24:34

Subsidized Forex Maintained in Iran's 2020-21 Budget

EghtesadOnline: Despite persistent calls by economic experts and academia on the government to scrap subsidized currency allocations, it appears that the controversial forex policy to pay for importing basic goods, will be sustained in next year’s budget (March 2020-21).
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Publish Date: 30/November/2019 | 11:30