Next year’s budget bill to be submitted to parliament on schedule

Head of Iran’s Planning and Budget Organization (PBO) said the government will submit the budget bill for the next Iranian calendar year (starts on March 20, 2020) to the parliament on December 6 as it is scheduled, IRIB reported on Tuesday.

According to Mohammad-Baqer Nobakht, this year, PBO has decided to send the information about the state-owned companies’ budget to the Majlis (Iranian parliament) a month earlier so that the parliament would have enough time to review it.

The members of the budget preparation committee at PBO are seriously working on the bill and while the views may differ in some areas, the consensus among all members will be the base for the final decision making, Nobakht said.

News No: 6334
Date: 2019/09/04 - 18:03
News Source: Tehran Times

budget  Majlis  PBO  Mohammad-Baqer Nobakht 


Leave a Comment:


Domestic companies to renovate 124 passenger wagons

As the passenger wing of the Islamic Republic of Iran Railways (RAI), Iranian Raja Railway Transport Company has signed deals with three domestic companies for renovating 124 passenger wagons, ILNA reported on Tuesday.

Railway fleet receives 213 new domestically-made locomotives, wagons

Some 213 new domestically-made locomotives and wagons were added to the railway fleet of Iran in a ceremony on Tuesday, IRIB reported.

$1.6b allocated for modernizing transportation fleet

Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.

No budget deficit in current year: PBO head

Head of Iran’s Planning and Budget Organization (PBO) said despite the decrease in the country’s oil revenues the country won’t face any budget deficit in the current calendar year (ends on March 19, 2020).

US Smart Cities Projects To Push Annual Revenue Over 700 Million In Five-Year Outlook

Smart cities are a driving force of the industrial internet of things segment. Though projects can be ad-hoc and limited, the U.S. has been among the world’s smart cities leaders, and the numbers are expected to grow significantly through 2023.

China says US currency manipulator labeling could cause chaos in financial markets

China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international financial order and cause chaos in financial markets”.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners