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Majlis approves $593 billion budget

Service : Politic
Tehran, May 28, (ICANA) – The Iranian parliament has approved the current year's 7.270 quadrillion rials (about $593 billion based on official USD rate, a dollar equals 12,260 rials) budget bill.
Wednesday, May 29, 2013 5:20:36 PM
Majlis approves $593 billion budget

170 MPs voted in favor, 8 against, and 7 abstained.

In February, the Iranian administration submitted the budget bill to the parliament.

Iran set oil price at $95 in the budget bill.

The proposed budget increased by 22 percent compared to the year before.

Previously, agencies reported that the development budget reduced by 20 trillion rials (about $1.6 billion) compared to the previous year.

The bill was prepared considering the effects of international economic sanctions, so that the reliance of the national budget to oil revenues was reduced.

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