Tehran (IP) - Following a review of the next year’s budget on Tuesday, lawmakers agreed with 202 votes in favor, six against, and one abstention from a total of 209 parliament members to allow the government to use the capital market to develop its plans.

Iran PressIran News: Presenting the proposal, MP Shams al-Din Hosseini said one of the MPs' concerns was to reform the budget structure, one of its needs is to reform the way projects are financed and to compensate for the budget deficit.

At present, the banking system or budget resources are used to implement the projects. The financing of the budgets is bank-oriented, which brings liquidity.

Habibullah Dehmardeh, another member of parliament, agreed with Hosseini's proposal, saying that thousands of smart projects had been halted due to a lack of funding, which had led to an increase in the number of contractors, which would bring in a lot of revenue if we used these resources.

According to this proposal, the government will be allowed to finance capital asset acquisition projects whose strategic importance and function are approved by the Planning and Budget Organization of Iran through the tools and methods of the capital market.


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