Iran Press/Iran news: Lawmakers in the Iranian Parliament (Majlis) continued to discuss the next year budget bill in today's session and ratified article 16 of the bill which gives more time, until 2021, to the central bank of Iran (CBI) and other commercial banks to pay back what they owe to the oil ministry and its associated subsidiaries.
There have been 14 parliamentary sessions dedicated to reviewing next year's budget since last Saturday, Iran Press reported.
Earlier on February 16, the members of Iranian Majlis (parliament) ratified the budget bill for the next Iranian calendar year of 1398 (beginning on 21 March 2019) proposed by the government of President Hassan Rouhani. 2 days later on February 18, the Iranian Parliament reviewed the next year's budget bill in an open session.
The lawmakers in the Iranian Parliament continued to discuss next year's budget bill in today's session and agreed with Part B of Annex 3 of the bill which details the revenues and sources of income.
According to Part B, the implementation of Annex 38 of amendments of the Budget Law of the fiscal Iranian year of 1398 was extended.
The procedure to estimate loan account, determine the repayment term and the share of domestic construction and other loan conditions will be approved by the Cabinet after receiving the suggestions and advice of Ministry of Economic Affairs and Finance, the Central Bank of the Islamic Republic of Iran and the National Planning and Budget Organization. 203/211/104
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Iran parliament ratifies budget bill for next year
Iranian Parliament reviews budget bill in open session
