Iran President Submits 2025 Budget Draft to Parliament

Iran President Submits 2025 Budget Draft to Parliament
(Tuesday, October 29, 2024) 09:27

TEHRAN (NIPNA) - President Masoud Pezeshkian has submitted the first section of Iran’s 2025 national budget draft to the parliament, marking the start of the fiscal review process.

Pezeshkian presented the initial section of the budget to the Parliament’s presiding board after delivering a statement in the parliamentary session.

This submission aligns with Article 182 of the revised parliamentary procedural code, which mandates that the annual national budget be divided into two segments for submission: a single-article bill that includes key provisions for budget implementation, public revenue targets, and financial asset allocations, along with detailed tables of the budget's figures.

The initial section of the budget must be submitted by October 23 each year, with the second part due within 10 days following the passage of the first section.

The Speaker of Parliament, Mohammad Bagher Ghalibaf, explained that the budget review process will now commence with a five-day window for an initial assessment of the draft.

Ghalibaf announced that on October 30, the president will return to parliament for further discussions on the overall framework of the budget.

After the session, specialized parliamentary committees will select their members for the Joint Budget Committee, which is tasked with comprehensive budget review and coordination.

The Joint Budget Committee’s inaugural session will be led by Deputy Speaker Hamidreza Haji Babaei to expedite the examination process, aiming for a full parliamentary review of the 2025 budget on October 30.

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