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Food, agriculture share of budget bill discussed at TCCIMA meeting

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TEHRAN – The Agricultural Committee of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) in its eleventh meeting discussed the share of the meals and agriculture sectors within the nationwide budget bill for the following Iranian calendar 12 months (begins on March 21).

As reported by the TCCIMA portal, on this meeting an knowledgeable report was introduced on the following 12 months’s budget bill which put the budget allotted for varied agricultural sectors within the subsequent fiscal 12 months at 185.63 trillion rials (about $625 million).

Of the talked about determine, 11 billion rials (about $37,000) is allotted for Agricultural Research Education and Extension Organization, three trillion rials (about $10.1 million) is taken into account for assured buy of tea, 1.62 trillion rials (about $5.45 million) to help the event of oilseeds and eventually 40 trillion rials (about $134.6 million) for importing agricultural inputs and regulation of primary items market.

President Ebrahim Raisi submitted the administration’s draft of the nationwide budget bill for the following Iranian calendar 12 months 1401 to the Majlis on December 12, 2021.

The president talked about the reform of the budget construction as one of the specs of the 1401 budget and mentioned, “In next year’s budget bill, production and employment are the pivots”.

The proposed budget amounted to about 36.31 quadrillion rials (about $864.523 billion at the official fee of 42,000 rials).

EF/MA