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Iran President introduces the budget bill

Tehran, Jan 7, IRNA - President Mahmoud Ahmadinejad said here Monday that the development budget shows 30 percent growth in the budget for next fiscal year of 1387 (March 21, 2008-March 20, 2009).

Addressing a press conference after submitting the rls 2,710 trillion (USD 289 billion) budget bill to Majlis, President Ahmadinejad said the budget bill also features lower share of the petrodollars in document.

President Ahmadinejad said the budget bill is oriented towards goals of the five-year plan.

He said that the non-oil revenues have gained more share in the bill.

The president thanked Majlis Speaker Gholam-Ali Haddad-Adel and Majlis in whole for expediting ratification of the next year's budget bill.

He went on to say that next year budget is fully transparent, easy-to-follow and implementable, giving a definite definition of responsibilities.

The president said the budget is least voluminous and devised in a way that Iranian nation from different walks of life would understand it.

He said total budget of government out of the general budget is rls 715,000 billion. The state companies too will have a budget of rls 2,030,000 billion, he added.

The Chief Executive said among other specifications of the next year budget bill are attention to water in the agriculture sector, change in the irrigation system and a three-fold rise in the irrigation and agriculture sectors. Furthermore, he said, a lot more land will be under water cultivation rather than rain cultivation.

He said promotion of the agricultural products' exports, more price support for the farming crops, qualitative growth of education, promotion of universities, decentralization of higher education, equipment of labs and educational workshops, and encouragement of research are highlights of the budget bill.

Both education sector and universities reserve a special position in the next year's budget.

Growing subsidies and maintaining the bottom level, attention to the public transport sector, implementation of key rural housing rojects, dedication of credit for housing, establishment of 1,500,000 residential buildings a year, dedication of a budget for youth marriage and employment, strong support for the cooperatives, export of the technical and engineering services, development of domestic and foreign investment, gas supply to different parts of the country, increase in the oil and gas production and the qualitative and quantitative growth of the oil and gas industries, support for domestic production and engagement with global economy, early retirement, state employees' salary, inflation control, and raising people's purchasing power are among other features of the next year budget bill.

He hoped that the bill will be adopted by Majlis prior to end of the current Iranian year and would be put at government disposal to help it compile necessary regulations, if any, for implementation.

Ahmadinejad: Gov't to put part of oil revenues at public disposal

Ahmadinejad said that government plans to give part of oil revenues to people themselves per a related government-proposed bill.

Addressing Majlis which held a session on Monday for official submission of the next year's budget bill, President Ahmadinejad called on Majlis to help government in connection with ways and means of extending part of oil revenues to the public.

Elsewhere in his speech, President Ahmadinejad said more than rls 90,000 billion of the development budget next year will go to provinces.

Citing other indices of the next year budget bill, Ahmadinejad said the ratio of government expenditures to the Gross Domestic Production has lowered to 24.9 percent next year from 28.5 percent this year.

He said that share of tax revenues in next year budget has risen.

The share of general revenues, i.e. the non-oil revenues in government's consumption and current expenditures too has risen to 81.2 percent next year from 62.2 percent this year, said Ahmadinejad, adding that the share of current expenditures in total government expenditures has been dropped to 45.1 percent from 64.7 percent.

He pointed to a landmark increase in the cultural credits in the next year budget and said ownership of cultural assets too has shown 127 percent growth.

The chief executive said rls 300 billion has been set aside for construction of grand prayers grounds and rls 600 billion for that of mosques.

He then pointed to a budget of more than rls 12,000 billion for promotion of the cooperatives sector next year.

He said the number of the budget bill's pages has lowered to 600 this year from last year's more than 2,400 pages.

... Payvand News - 01/07/08 ... --

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