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TEHRAN \u2013 President Masoud Pezeshkian submitted the national budget bill for the next Iranian calendar year (March 2025-March 2026) to the Majlis (parliament) on Tuesday.<\/p>\n
The proposed budget for the next year amounts to about 64.76 quadrillion rials (about $98.5 billion at the free market rate of 650,000 rials).<\/p>\n
The bill has estimated the public resources at 59.876 quadrillion rials (about $92.116 billion).<\/p>\n
The oil, gas, and oil products income is predicted to be 21.07 quadrillion rials (about $32.415 billion), with 32 percent growth compared to the present year\u2019s figure.<\/p>\n
Crude oil production is estimated at 3.75 million barrels per day at an average sales price of \u20ac57.5.<\/p>\n
Tax revenues are predicted to be 17 quadrillion rials (about $26.153 billion) which is 39 percent more than the figure for the current year\u2019s budget bill.<\/p>\n
Today, the president submitted the first part of the budget bill for the next year to the parliament.<\/p>\n
This is the second budget bill after the implementation of the country\u2019s seventh national development plan (2023-2027).<\/p>\n
After the presentation of the first part of the budget bill, President Pezeshkian called inflation reduction a prioritized goal of the bill.<\/p>\n
\u201cThis budget was the result of numerous meetings with the top experts and parliament. Accuracy in the implementation of the law of the seventh development plan has been a priority for budget formulation\u201d, the president stated in the parliament.<\/p>\n
MA<\/p>\n<\/p><\/div>\n
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