Mohammad Baqer Nobakht

Turkish Investment Comes to Fruition, as MDF Factory Opens in Qazvin

EghtesadOnline: AGT Company’s factory, in which the Turkish side has invested a total of €40 million, was inaugurated on Monday in Qazvin Province’s Caspian Industrial Zone, during a ceremony…
2020-08-26 12:57
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…
2020-06-07 07:01
Iran Gov’t to Submit Iran's Next Budget on November 6

EghtesadOnline: The Plan and Budget Organization of Iran will submit the budget plan of state-run companies in the next fiscal year (March 2020-21) to the parliament on Nov. 6 and that of government…
2019-10-02 11:40
Shadow Banks Inflicted $2.8 Billion Loss on Gov’t

EghtesadOnline: The government paid 360 trillion rials ($2.8 billion) to compensate losses incurred by the misconduct of shadow banks and unruly lenders in recent years, said Mohammad Baqer Nobakht,…
2019-06-25 11:34
Iran Gov't Financial Resources Up 20%

EghtesadOnline: Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, says despite sanctions, the government’s financial resources have increased more than 20% in the first…
2018-11-06 10:40
Guilds Chief Appointed Member of Budgeting Committee

EghtesadOnline: Head of Iran Chamber of Guilds Ali Fazeli has been appointed as a new member of the Budgeting Committee by the head of Plan and Budget Organization, Mohammad Baqer Nobakht.
2018-08-27 04:29
40,000-Ton Silo Unveiled in Tehran

EghtesadOnline: A silo with a capacity of 40,000 tons of grains was unveiled on Saturday in Tehran’s southeastern Pakdasht County in the presence of Mohammad Baqer Nobakht, vice president and…
2018-06-25 05:07
Gov’t Allocates $24m as Compensation for Chicken Farmers

EghtesadOnline: The government has allocated 1 trillion rials ($24 million) as compensation to chicken farmers for the massive losses caused by the recent outbreak of avian flu across the country,…
2018-01-14 13:31
830,000 Expected to Enter Labor Market

EghtesadOnline: Some 830,000 people are expected to enter Iran’s labor market in the next fiscal year (March 2018-19), 70% of whom will be university graduates, Government Spokesman Mohammad…
2018-01-14 09:44
$76 Billion for Creating 1m Jobs

EghtesadOnline: As per the budget bill of the next fiscal year (starting March 21), the government will allocate a total of 3,270 trillion rials ($76 billion) to create more than 1.03 million…
2018-01-13 08:59
$250 Million in Gov’t Grants, Loans to Kermanshah Quake Victims

EghtesadOnline: The government will allocate 6,590 billion rials ($164 million) in loans and 2,810 billion rials ($70 million) as grants to households in the quake-stricken Kermanshah Province…
2017-11-18 15:34
Foreign Investment in Iran Sees Tenfold Rise Post JCPOA

EghtesadOnline: Foreign investment in Iran has seen a tenfold increase following the 2015 nuclear deal reached between Iran and six world powers, the government spokesman said.
2017-11-13 07:30
North-South Corridor to Become Operational by March 2018

EghtesadOnline: The rail route between the two Iranian cities of Qazvin and Rasht, which is the missing link in the International North-South Transport Corridor, will become operational by the…
2017-11-12 05:27
Iran Gov’t to Submit Budget Bill on Dec. 5

EghtesadOnline: The government will submit the budget bill of the next fiscal year (starting March 21, 2018) to the parliament on December 5, the government spokesman and president of Planning…
2017-10-25 15:07
Impacts of Urbanization

EghtesadOnline: Iran’s villages are being deserted by their inhabitants slowly but steadily.
2017-10-15 12:05
Private Sector to Complete Abandoned Projects in Iran

EghtesadOnline: The government has handed over 4,131 abandoned development projects to the private sector, the head of Planning and Budget Organization of Iran said.
2017-10-15 11:55
Wage Rise Exceeds Inflation Routinely Under Rouhani

EghtesadOnline: Over the years of the first term of President Hassan Rouhani (Aug. 2013-17), the government ensured that the rise in civil servants’ salaries exceed inflation, which has been…
2017-10-07 07:08
Iran's 4 Biggest Budget Spenders

EghtesadOnline: The ministries of defense, health and education as well as the Civil Servants Pension Organization consume the lion’s share of the government’s budget, the head of Planning and…
2017-10-03 12:16
Leaving JCPOA will isolate US: Iran official

EghtesadOnline: An Iranian official says the historic 2015 nuclear agreement between Iran and the P5+1 group of countries was a deal among six countries, including the United States, warning…
2017-09-16 09:23
PBO: 5 Percent Reduction in Operating Budget Targeted

EghtesadOnline: According to Article 28 of the Sixth Five-Year Development Plan (2017-2022), the government’s current spending should reduce by 5% by the end of the next fiscal year (March 2019),…
2017-09-05 07:54
Iran Budget Deficit Estimated at $9.6b

EghtesadOnline: Head of Planning and Budget Organization Mohammad Baqer Nobakht expects the government to run up a 370-trillion-rial ($9.6 billion) budget deficit in the current fiscal year (March…
2017-08-26 07:33
Nobakht Reappointed Head of Planning, Budget Entity

EghtesadOnline: President Hassan Rouhani reappointed Mohammad Baqer Nobakht as the head of Planning and Budget Organization of Iran on Sunday.
2017-08-22 13:06
Over $9b Earmarked for Development Projects

EghtesadOnline: The government will have spent 374 trillion rials ($9.87 billion) in development projects by the end of the current Iranian year (March 20, 2018), says government spokesperson,…
2017-07-15 11:44
Iran Crude Oil Output Near 4 mbpd

EghtesadOnline: Iran’s daily crude output has exceeded 3.9 million barrels "for the first time after the sanctions removal" in early 2016, government spokesman, Mohammad Baqer Nobakht, said on…
2017-07-05 10:16
Spokesman: JCPOA not limiting Iran's defensive programs

EghtesadOnline: The nuclear agreement is not curbing Iran's missile and defense activities, said the government spokesman on Tuesday.
2017-06-20 12:35
PBO Chief: 96% of Budgetary Outlay Met

EghtesadOnline: Iran met 96% of the budgetary outlay of 2.94 quadrillion rials ($78.8 billion) for the last Iranian year (March 2016-17), the head of Planning and Budget Organization said.
2017-06-14 12:09
Gov’t: Tripling Cash Subsidies to the Poor Possible

EghtesadOnline: Government Spokesman Mohammad Baqer Nobakht believes it is possible to triple cash subsidies paid to the poor.
2017-05-31 10:01
Iran stops carrying out UNESCO 2030 Agenda: Gov't spokesman

EghtesadOnline: Iran has stopped carrying out the UNESCO 2030 Agenda after opposition of Supreme Supreme Leader Ayatollah Seyyed Ali Khamenei and it will not be resumed until removal of certain…
2017-05-16 09:57
Iranian Government Reduces Bank Arrears by $3.5b

EghtesadOnline: The government has cleared 132 trillion rials ($3.5 billion) of its arrears to the banking system while increasing its capital to public-sector banks by 242 trillion rials ($6.4…
2017-04-06 18:00
Regional peace, Iran’s top foreign policy priority: Gov’t spokesman

EghtesadOnline: Government spokesman Mohammad Baqer Nobakht said that establishment of peace and security in the region is Iran’s top foreign policy priority.
2017-03-14 15:38