The proposed national budget amounts to about 7.3 quadrillion rials (approximately $595 billion), showing a 22 percent rise year on year.
The bill has predicted a 40 percent drop in oil revenues compared to the current year’s projected figure.
It has forecast that oil revenues will hit 660 trillion rials (about $53.8 billion), 40 percent down year on year, according to the Fars News Agency.
The funding for running the government has been increased by 15.2 percent to 1.6 quadrillion rials (about $135 billion).
Reportedly, next year’s national budget has set the price of oil at $95 per barrel, based on the exchange rate of 12,260 rials, which has been fixed by the Central Bank of Iran.
The bill has also allocated 900 trillion rials (about $73.4 billion) for implementing the second phase of the Subsidy Reform Plan, a 125 percent rise compared to the budget which had been allocated for the first phase of the plan.