Iran Parliament approves the budget for next year: less subsidies for the people but…more money to the Armed Forces

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).

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