Wednesday, December 7, 2016

Iran's president submits proposed price range to parliament



Iran's respectable IRNA news company is reporting that President Hassan Rouhani submitted a $eighty three billion price range bill to parliament for the following financial 12 months, starting in March.

The finances is seven percentage more than the modern-day budget in Iranian rials. however it's miles much less in U.S. bucks because of the latest drop within the rial against the greenback. The present day yr's finances is $ninety seven billion.

The invoice assumes much less than 30 percentage of Iran's profits will come from oil exports, nearly similar to the present day year. It assumes an average oil fee of $50 a barrel, up from the contemporary $40. Iran and other oil-generating international locations lately agreed to restriction manufacturing for you to pressure up expenses.

Parliament is scheduled to finalize the proposed finances in February.

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