Iran Raises Budget for Next Year

TEHRAN (FNA) – Iran’s budget for the next fiscal year shows a 20.8 percent increase compared to the current year’s, an Iranian lawmaker said.

“The coming year’s budget is put at 2,790 trillion rials which shows a 20.8 percent growth,” ISNA quoted Reza Abdollahi, an Iranian lawmaker as saying on Sunday.

Abdollahi added that the draft bill has put the country’s general budget at about 790 trillion rials – a 15.6 percent increase compared with this year.

He said that oil revenues will account for 57.8 percent, tax revenues for 25 percent while other sources for 17.2 percent of the country’s earnings in next year.