Young Journalists Club | Latest news of Iran and world

News ID: 6339
Iran » Iran
Publish Date: 19:33 - 16 February 2015
Tehran, YJC. MPs on Monday voted in favor of the general terms of the national budget bill proposed by the government for the next fiscal year.

Majlis representatives approved the blueprint of the nearly $300 billion budget bill with 154 votes in favor, 43 against and 13 abstentions.

The total budget for next year comes with a 4% growth compared with the current year’s.

Meanwhile, Gholam Reza Kateb, Spokesman of the Majlis Planning and Budget Committee said that dependency on oil exports in the overall budget bill has dropped to 25%.

The national budget for the current Iranian year relied on oil for over 30% percent of government outcomes.

The Iranian government has made much attempt to increase non-oil exports in a bid to slash reliance on oil outcomes.

The details of the bill is going to be addressed by the Iranian MPs in the coming weeks before it is sent to the Guardian Council, which will pass the bill, if deeming so, before it can be made into law.

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