TEHRAN- Iranian deputy industry minister announced that in the budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) specific attention has been paid to domestic production and renovation of domestic industries, IRNA reported on Saturday.

“In comparison with the budget bill of 1397, that of the next year allocates more credit to industries renovation and localization expansion and also is more protective regarding the related issues to the existing funds, providing facilities to mining sector, and allocated grants,” Farshad Moghimi said.

President Hassan Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year to the Majlis on December 25.

The proposed bill amounts to 17.03 quadrillion rials (about $405 billion at the official rate of 42,000 rials).

HJ/MA