Editing Politics of Iran (section)

====2011–12====
The public budget was $165 billion (1,770 trillion rials) in [[Iranian calendar|Iranian year]] 2011–2012. The [[Iranian Parliament]] also approved a total budget of $508 billion (5,170 trillion rials) that factors in $54 billion from [[Iranian targeted subsidy plan#Budgeting|price hikes and subsidy cuts]] and aside from the government (or public budget) also includes spending for state-owned companies.<ref>{{cite web|last=Nasseri|first=Ladane|url=https://www.bloomberg.com/news/2011-04-27/iran-parliament-cut-budget-2-25-before-approval-donya-reports.html|title=Iran Parliament Cut Budget 2.25% Before Approval, Donya Reports|publisher=Bloomberg|date=27 April 2011|access-date=7 February 2012|archive-url=https://web.archive.org/web/20121105064142/http://www.bloomberg.com/news/2011-04-27/iran-parliament-cut-budget-2-25-before-approval-donya-reports.html|archive-date=5 November 2012|url-status=live}}</ref><ref name=":0">{{cite web|url=http://www.aljazeera.com/news/middleeast/2011/05/20115918112150438.html|title=More subsidy cuts in Iran budget|access-date=10 June 2015|archive-url=https://web.archive.org/web/20110515075019/http://www.aljazeera.com/news/middleeast/2011/05/20115918112150438.html|archive-date=15 May 2011|url-status=live}}</ref> The budget is based on an oil price of $81.5 per barrel. The value of the US dollar is estimated at [[Iranian rial#Value|IRR]] 10,500 for the same period. The 2011-12 total budget is ''40'' per cent bigger than previous year's (which stood at $368 billion) because of dropping subsidies on energy and food item.<ref name=":0" />