范冰冰揭阳康夫:Iranian president submits 180-billion-USD budget

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Iranian president submits 180-billion-USD budget

08:32, February 21, 2011      

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Iranian President Mahmoud Ahmadinejad delivers a speech in the Majlis (Parliament) in Tehran, Iran, Feb. 20, 2011. Ahmadinejad submitted a 1,769-trillion-rial (nearly 180 billion dollars) budget bill for the upcoming fiscal year to the Parliament on sunday.(Xinhua/Ahmad Halabisaz)

Iran's President Mahmoud Ahmadinejad on Sunday submitted to Majlis (parliament) a 1,769 trillion-rial (about 180 billion U.S. dollars) budget bill for the next Iranian calendar year (to start on March 21), the English language Press TV reported.

The Iranian president briefed the lawmakers on specific characteristics of the budget bill, saying the next year's budget allocated over 475 trillion rials to development projects, said the report.

The budget bill for the new Iranian calendar year encompasses measures that give Ahmadinejad the mandate to promote his major economic plans, according to Press TV.

The budget will mainly depend on oil and gas exports which constitute most of the government revenue as of previous years.


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