According to Shana, issuing bonds, which needs the Central Bank of Iran (CBI) approval, aims to provide foreign currency resources required to implement ongoing projcts.
President Mahmood Ahmadinejad attended the parliament yesterday (24 January) and presented the draft budget for the next year.
Mr. Ahmadinejad described the budget as transparent, cohesive, flexible, and stipulated that reducing dependence on oil revenues, increasing non-oil revenues, and special attention to industry, agriculture and housing sectors be among the important features of the proposed budget. The allocated budget for the next Iranian year is about $368 billion.
In addition, Iran's parliament speaker, Doctor Ali Larijani on Sunday said review of the budget is on the top of the parliament agenda.
The parliament speaker added that it was impossible to enact the budget and the fifth Development Plan simultaneously, that is why the budget review has been given priority and the task would be completed before the end of the year (20 March 2010).