Iran capital expenditure

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.

EghtesadOnline: Out of 340 trillion rials ($7.9 billion) allocated to capital expenditure in the budget law for last year (ended March 20, 2017), less than 100 trillion rials ($2.32 billion) or 29.4% were realized, the secretary of Iran Road Construction Association, Ali Azad told IRNA.