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Iran's budget for next Iranian year fixed at 171.77 billion dollars

Tehran, Jan 11, IRNA -- The budget for the next Iranian year 1384 (starting from March 21, 2005) has been fixed at rls 1,546,000 billion (dlrs 171.77 billion) up by 30.5 percent compared with that of the current year.

Head of the Management and Planning Organization (MPO) Hamid Reza Baradaran Shoraka told reporters that in the context of the budget bill, current spending rose by 13.1 percent, the development budget increased by 4.9 percent and the allocation for expenses of state companies rose by 24.7 percent for the next fiscal year.

Elaborating on the government's revenues, he said that the income from the sale of oil has been estimated at dlrs 14.1 billion (rls 128,494 billion).

He said that the cash from the sale of the state companies' shares has been envisaged at rls 15,000 billion and the government will sell rls 7,000 billion bonds to the public in the next fiscal year.

Baradaran Shoraka said that the tax revenues will grow by 41.4 percent and the proceeds coming from the National Iranian Oil Company (NIOC) will also rise by 21 percent.

He said that any deficit will be met from the Foreign Exchange Reserve Fund.

Each US dollar has been calculated at 9,095 rials.

... Payvand News - 1/12/05 ... --

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