Iranian President Signs Annual Budget Bill into Law

TEHRAN (defapress)- Iranian President Hassan Rouhani, in a decree addressing the Plan and Budget Organization of the country, attached the budget bill for the next local calendar year, signing the document into the law.

News ID: 76295

Date: 20 March 2019 - 21:08

President Rouhani on Tuesday submitted the budget bill for next Iranian year of 1398 (from March 21, 2019, to March 20, 2020) to the Plan and Budget Organization of the country.

In accordance with the Article 123 of the Iranian Constitution, Rouhani submitted the budget bill for next Iranian year of 1398 to the Plan and Budget Organization in order to be implemented.

The overall budget ceiling in the 1398 bill totals 17.12 quadrillion rials. Furthermore, the next year's budget bill expects $54 for each barrel of crude oil exported to the global markets.

Late in December, Parliament Speaker Ali Larijani said that the budget bill for the new Iranian year would focus on resolving economic issues to lower unemployment rate, increase the volume of non-oil exports, and boost national production.

Larijani said that Tehran would focus on non-oil exports in the new Iranian year, adding that the parliament was working on the issue of non-oil exports in planning the budget bill.

He noted that the issues of national production, housing industry, as well as subsidies for the poor were the top priorities of the country's budget.

The parliament speaker said that if the issue of national production is resolved, the unemployment rate will be reduced for sure.

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