TEHRAN-- The spending plan bill for the next Iranian calendar year 1402, which begins on March 21, has designated 121.052 trillion rials (about $302.63 million) to Industry, Mining and Trade Ministry.Of the pointed out figure, the share of the ministry is 95.225 trillion rials (about $238.06 million), that of the Trade Promotion Organization (TPO) is 17.065 trillion rials (about $42.66 million), 184 billion rials (about $460,000) is the share of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the share of Industrial Development and Renovation Organization of Iran (IDRO) is 400 billion rials (about $1 million), which of Iran Small Industries and Industrial Parks Organization (ISIPO) is 3.169 trillion rials (about $7.92 million).

President Ebrahim Raisi submitted the administrations draft of the nationwide budget plan bill for the next year to the Majlis on Wednesday.The president mentioned steady economic growth, individualss income, observing justice, and performance of the government system as the main approaches of the budget bill and mentioned: In this costs, the establishment of a development and justice fund in all provinces is predicted so that the advancement credits of the provinces are paid systematically.

Raisi also said, We have consisted of the important points considered by the Leader in the general policies of the Seventh National Development Plan (2022-2026) in the drafting of the 1402 spending plan bill.

As reported, reforming the budget structure, producing openness, bring in governmental and economic sector investments for finishing semi-finished tasks, and implementing the governments integrated monetary management system are highlighted in the spending plan costs for the next year.The proposed budget plan amounted to about 52.616 quadrillion rials (about $131.54 billion at the free enterprise rate of 400,000 rials), with a 40 percent rise from the existing years budget.The costs has actually approximated the governments budget at 21.64 quadrillion rials (about $54.1 billion).

Public resources are approximated at 19.84 quadrillion rials (about $49.6 billion).

The petroleum income is forecasted to be 6.03 quadrillion rials (about $15.075 billion), and oil sales are estimated at 1.4 million barrels each day at an average cost of $85.

Like the current years budget, the next years proposed budget plan needs the government to pay 40 percent of its oil, gas, and gas condensate revenues to National Development Fund (NDF).

Tax profits are predicted to be 8.386 quadrillion rials (about $20.965 billion).

The spending plan bill for the year 1402 is printed and distributed among the members of the parliament after its presentation and they will have 10 days to send their propositions and evaluations on the budget to pertinent specialized committees.Specialized committees will likewise have 15 days to send their evaluations to the parliament ad hoc budget review committee (referred to as Talfiq Committee).

Talfiaq Committee is a body including MPs from various committees which is developed each year to study the national spending plan bill.MA/ MA