Source: Iran News Round Up
Iranian Parliament (Majles) approved the proposed budget for the next fiscal year. The bill proposing a nearly $303 billion budget will now proceed to the Guardian Council for approval. The new budget, another time, cuts the subsidies for the people (from roughly $15 billion to $14 billion), but increases the expenses for the Armed Forces. Parliament allocated $1 billion to the defense budget for strengthening the armed forces in the upcoming fiscal year (Isna).