AGL 38.70 Increased By ▲ 0.20 (0.52%)
AIRLINK 137.88 Increased By ▲ 0.99 (0.72%)
BOP 5.43 Increased By ▲ 0.03 (0.56%)
CNERGY 3.78 No Change ▼ 0.00 (0%)
DCL 7.74 Decreased By ▼ -0.14 (-1.78%)
DFML 45.62 Decreased By ▼ -0.18 (-0.39%)
DGKC 80.50 Increased By ▲ 0.15 (0.19%)
FCCL 29.55 Increased By ▲ 0.65 (2.25%)
FFBL 55.80 Decreased By ▼ -1.20 (-2.11%)
FFL 9.09 Decreased By ▼ -0.34 (-3.61%)
HUBC 105.60 Increased By ▲ 1.86 (1.79%)
HUMNL 14.05 Increased By ▲ 0.08 (0.57%)
KEL 4.30 Increased By ▲ 0.58 (15.59%)
KOSM 8.23 Decreased By ▼ -0.01 (-0.12%)
MLCF 37.98 Increased By ▲ 0.58 (1.55%)
NBP 69.23 Increased By ▲ 0.83 (1.21%)
OGDC 167.00 Increased By ▲ 0.40 (0.24%)
PAEL 25.20 Increased By ▲ 0.19 (0.76%)
PIBTL 6.78 Decreased By ▼ -0.27 (-3.83%)
PPL 130.35 Increased By ▲ 0.99 (0.77%)
PRL 23.76 Increased By ▲ 0.09 (0.38%)
PTC 15.70 Decreased By ▼ -0.15 (-0.95%)
SEARL 61.48 Increased By ▲ 0.68 (1.12%)
TELE 7.04 Increased By ▲ 0.03 (0.43%)
TOMCL 36.10 Increased By ▲ 0.21 (0.59%)
TPLP 7.81 Decreased By ▼ -0.05 (-0.64%)
TREET 15.15 Increased By ▲ 0.09 (0.6%)
TRG 44.89 Decreased By ▼ -0.01 (-0.02%)
UNITY 25.51 Increased By ▲ 0.11 (0.43%)
WTL 1.27 Increased By ▲ 0.04 (3.25%)
BR100 9,223 Increased By 22.5 (0.24%)
BR30 27,766 Increased By 205.8 (0.75%)
KSE100 86,467 Increased By 409.1 (0.48%)
KSE30 27,163 Increased By 118.7 (0.44%)

TEHRAN: Iran’s conservative-dominated parliament on Tuesday rejected a budget bill for the next Iranian year put forward by the administration of the moderate President Hassan Rouhani, state television reported.

The broadcaster said that of the 261 lawmakers present from a total of 290, 148 voted against the bill while 99 were in favour, with the rest abstaining.

It is the latest development in the back and forth between parliament and the Rouhani administration since it presented the bill in early December.

The government will now have a two-week window to amend and return the bill to lawmakers, according to the parliament’s ICANA news agency.

Government spokesman Ali Rabiei reacted by saying the administration is willing to modify the bill, but without “changing the overall structure and projecting unrealistic earnings.”

Earlier on Tuesday, Rouhani had warned that any substantial change to the bill would “seriously damage the people’s livelihood”.

MPs have argued that the proposed government budget for the year beginning on March 21 is unrealistic, and could run a deficit and worsen inflation. One of the their main complaints has been the government’s projected oil sales of 1,992 trillion rials ($8.1 billion).

Comments

Comments are closed.