President Masoud Pezeshkian on Oct. 21 presented the budget bill for the coming Iranian year 1404 (beginning on Mar. 21, 2025) to the parliament. In doing so, he underlined that four principles were followed in drafting the financial plan: aligning budget provisions with the 7th Five-Year Development Plan, supporting underprivileged groups, underscoring the concept of social justice, and strengthening the country’s defense capabilities considering regional conditions and existing threats. 

Before analyzing the budget bill, it is important to grasp the macroeconomic picture in the country. The latest study by the Majles...