Iran Budget Bill to be Submitted to Majlis Next Week

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President Hassan Rouhani is expected to submit Iran`s budget bill for the next Iranian calendar year (starting on March 21. 2019) to Majlis (parliament) next week. a lawmaker said on Sunday. citing the government spokesman.

The bill predicted 126.000 billion rials (2.66 billion euros) of tax revenues and 65.000 billion rials (1.37 billion euros) of development expenditures. Mehrdad Lahouti told reporters.

He said that the next year’s budget bill is likely to be prepared in two scenarios. one with a maximum of 407.000 billion rials (8.61 billion euros) and the other peaking at 436.000 billion rials (9.22 billion euros).

It allocates some 64.000 billion rials (1.35 billion euros) to the Education Ministry and increases the welfare and other supportive credits. he added.