President Rayeesi: Budget Bill for Next Year Meant to Ensure Iran's Economic Stability

Iranian President Seyed Ebrahim Rayeesi underlined that the budget bill presented to the Parliament for the next Iranian year (to start on March 21, 2022) is aimed at ensuring the country's economic stability.

The Iranian president made the remarks on Sunday at the Iranian parliament while presenting the next year budget bill.

"I hope that the richness of the 1401 budget bill will be increased with the help of the representatives, and God willing the bill will be presented to them and solve the country's problems," President Rayeesi said. 

"In the years after the victory of the Islamic Revolution, thanks to the efforts of this land’s men and women, a lot of work has been done for development in water, electricity, higher education, agriculture, industry, and mining, but with all these measures, serious problems in economic, social and cultural fields still exist," he added.

The Iranian president said that the serious problem that everyone used to suffer from was that the economy was tied to the will of outsiders, and therefore, despite the many capacities that exist in the country, specially "the human resources and valuable reserves, we had serious economic problems".

President Rayeesi pointed out that inequality in investment attraction relative to depreciation, economic growth of 4 tenths of a percent, and a 10-fold increase in costs, makes the people and representatives concerned about the problems, and said, "The first goal in the 1401 budget is economic stability. The economy must benefit from stability so that it can be reassuring for producers, consumers and the market."

He reiterated that the requirement for economic stability is to provide a budget that has no deficit, and said, "If there is a budget deficit, it will be the root of many problems in the country."

"In the 1401 budget, borrowing from the Central Bank and increasing the monetary base is a red line. The plan is to prevent this from happening because it will create serious problems for the country's economy," the Iranian president added.

According to law, each lawmaker is provided with a copy of the budget bill after its presentation to the parliament.

The lawmakers have 10 days to offer their suggestions about the bill to the specialized commissions in the parliament.

The specialized commissions are tasked with giving due reports to the parliament within 15 days.

Iranian parliament will finally approve the outlines of the budget.

News ID 193417

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