Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has proposed eight practical suggestions to amend the budget bill for fiscal March 2021-22.
President Hassan Rouhani announced that his government has allocated 20 percent of its budget for the new Persian year of 1399 to countering the new coronavirus pandemic.
Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has put forward three specific proposals for the government to carry out a structural overhaul of its budget.
The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.
The bill defies unilateral US sanctions and goes against forecasts the economy will shrink next year.