Rouhani submits $486 billion budget bill to Majlis
President Hassan Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year 1396, which starts on March 21, 2017, to the Majlis. The proposed national budget amounted to about 10.849 quadrillion rials (about $486 billion), an 11 percent rise year on year. Next year’s national budget is based on an oil price of $50 per barrel, up from $40 last year, with a focus on unemployment, water resources, railways and the environment. It also sees a projected average exchange rate of 33,000 rials to the ...
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