Next year’s budget bill allocates €200m to pressurized irrigation, watershed management

The national budget bill for the next Iranian calendar year 1400, which starts on March 21, 2021, has allocated €200 million to the implementation of pressurized irrigation and watershed management projects.

Of the €200-million estimated budget for this sector, €100 million is for the pressurized irrigation projects and €100 million for the watershed management projects.

Vice President for Parliamentary Affairs Hossein-Ali Amiri submitted the administration’s draft of the national budget bill for the next year to the Majlis on Wednesday, December 2.

The proposed budget amounted to about 24.357 quadrillion rials (about $579.928 billion at the official rate of 42,000 rials), with a 20-percent rise from the current year’s approved budget.

The bill has envisaged public resources and expenditures, the budget of state-owned companies as well as the budget for various government bodies.

Supplying basic goods, treatment, and medical equipment; securing livelihood; supporting production and employment; promoting and supporting non-oil exports and knowledge-based companies are the focal points of the bill.

The bill has estimated the government’s budget at 9.298 quadrillion rials (about $221.38 billion), with an increase of 47 percent from the figure of the current year.

It has envisaged 3.175 quadrillion rials (about $75.595 billion) of incomes, while 6.37 quadrillion rials (about $151.666 billion) of expenses.


Leave a Comment:


Majlis rejects general outlines of budget bill

The Iranian parliament (Majlis) on Tuesday rejected general outlines of the national budget bill for the next Iranian calendar year 1400, which starts on March 21, ILNA reported

15% increase in non-oil exports on agenda for H2

Head of Iran’s Trade Promotion Organization (TPO) said the government is planning to boost the country’s non-oil exports by 15 percent in the second half of the current Iranian calendar year (ends on March 20, 2021).

Over €35b of non-oil income injected to NIMA in 5 months

Iran’s non-oil exporters injected €35 billion of their revenues into the Forex Management Integrated System, locally known as NIMA, during the first five months of the current Iranian calendar year (March 20-August 21), the head of Iran’s Trade Promotion Organization (TPO) stated.

Iran’s exports fall 39% following coronavirus pandemic

Head of Iran Export Confederation Mohammad Lahouti has said that the country’s non-oil exports have declined about 39 percent due to the restrictions caused by the coronavirus pandemic, Tasnim news agency reported.

$41b of annual non-oil exports atop agenda: industry min.

Iran’s Acting Industry, Mining, and Trade Minister Hossein Modares Khiabani said the ministry has it on the agenda to export $41 billion worth of non-oil commodities in the current Iranian calendar year (March 2020-March 2021).

Non-oil exports to neighbors can be doubled in 2 years: TPO head

The head of Iran’s Trade Promotion Organization (TPO) says the country is capable of doubling non-oil exports to its neighbors in two years.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners