During the Parliament’s open session on Tuesday, the legislators cast 99 votes for and 148 votes against the bill, while 12 abstained from voting.
Parliament Speaker Mohammad-Bagher Ghalibaf said, “Although the Joint Commission has corrected the objections to the bill, the government did not agree on such corrections.”
The joint commission is a parliamentary body responsible for reviewing the budget bill as well as five-year development plans proposed by the government before it is put to a legislative vote.
Therefore, Ghalibaf noted, the government needs to reform the bill and submit it to Parliament again.
In the fiscal 2021-22 budget, the operating budget (including revenues derived mainly from taxation and exports at the disposal of the government) has been projected to stand at 8,413 trillion rials ($32.35 billion at the market exchange rate of 260,000 rials per dollar).
Moreover, revenues earmarked for ministries and governmental institutions worth 884 trillion rials (around $3.8 billion) take the total sum of the general budget to 9,298 trillion rials (around $36 billion).
The budget of state companies, banks and for-profit organizations has been put at 15,619 trillion rials (around $66 billion).
All in all, the ceiling set for the government’s total budget is at 24,357 trillion rials (around $105 billion).
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