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====2012β13==== The proposed budget for 2011β2012 amounts to 5.1 quadrillion [[Iranian rial|rials]] (approximately $416 billion).<ref name="mehrnews.com">{{Cite web |url=http://www.mehrnews.com/en/newsdetail.aspx?NewsID=1522851 |title=Archived copy |access-date=18 April 2012 |archive-url=https://web.archive.org/web/20120419125436/http://www.mehrnews.com/en/newsdetail.aspx?NewsID=1522851 |archive-date=19 April 2012 |url-status=dead |df=dmy-all }}</ref> The funding for running the government has been decreased by 5.6 percent and the government's tax revenues have been envisaged to rise by 20 percent.<ref name="mehrnews.com"/> The [[Military of Iran|defense budget]] shows an increase of 127 percent. The government also is seeking higher sums for development, [[Science in Iran|research]], and [[Healthcare in Iran|health projects]].<ref>{{cite web|url=https://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403043_text|title=Global Legal Monitor: Iran: Criticism of Newly Proposed Budget - Global Legal Monitor - Law Library of Congress - Library of Congress|website=[[Library of Congress]]|access-date=10 June 2015|archive-url=https://web.archive.org/web/20150605170803/http://www.loc.gov/lawweb/servlet/lloc_news?disp3_l205403043_text|archive-date=5 June 2015|url-status=live}}</ref> Approved budget of 5,660 trillion Rials $477 billion is based on an [[oil price]] of $85 per barrel and the average value of the U.S. dollar for the fiscal year has been projected to be 12,260 rials, allowing the government to gain $53.8 billion from [[Iranian targeted subsidy plan#Budgeting|subsidy cut]].<ref>{{Cite web|url=http://news.yahoo.com/iran-parliament-approves-reduced-sanction-hit-budget-183642738--business.html|archive-url=https://archive.today/20120712130442/http://news.yahoo.com/iran-parliament-approves-reduced-sanction-hit-budget-183642738--business.html|archive-date=2012-07-12|url-status=dead|title=Iran parliament approves reduced sanction-hit budget - Yahoo! News|access-date=29 July 2020}}</ref> The approved total state budget figure shows an 11% increase in Rial terms, in comparison to the previous year's budget. Of this amount, $134 billion relates to the government's general budget and the remaining $343 billion relates to state-owned companies and organizations. Of the $134 billion for the government's general budget, $117 billion relates to operating expenditure and $17 billion is for infrastructure developments. The government's general budget for 2012β13 shows a 3.5% decline in comparison to the previous year, while the budget for state-owned companies and organisations has risen by 18.5%. Revenues from crude oil make up 37% of the state's total revenues in the budget. Revenues from taxes have been projected at 458 trillion Rials ($37 billion), which shows a 10% increase year-on-year.<ref>{{cite web|url=http://www.turquoisepartners.com/iraninvestment/IIM-AprMay12.pdf|title=Iran Investment monthly|date=May 2012|website=Turquoisepartners.com|access-date=15 August 2018|archive-url=https://web.archive.org/web/20131031023806/http://www.turquoisepartners.com/iraninvestment/IIM-AprMay12.pdf|archive-date=31 October 2013|url-status=live}}</ref> In the first half of 2012, Iran announced in Majlis that it has taken in only 25% of its budgeted annual revenue.<ref>{{cite web|url=http://www.payvand.com/news/12/sep/1163.html|title=Iranian Government Facing Budget Shortfall|access-date=10 June 2015|archive-url=https://web.archive.org/web/20150611122445/http://www.payvand.com/news/12/sep/1163.html|archive-date=11 June 2015|url-status=live}}</ref> According to [[Arab Petroleum Investments Corporation|Apicorp]], Iran needs oil to average $127 a barrel in 2012 for its fiscal budget to break even.<ref>{{cite web|url=http://gulfnews.com/business/economy/iran-needs-oil-at-127-to-balance-budget-1.1060815|title=Iran needs oil at $127 to balance budget|author=Bloomberg|access-date=10 June 2015|archive-url=https://web.archive.org/web/20150605180406/http://gulfnews.com/business/economy/iran-needs-oil-at-127-to-balance-budget-1.1060815|archive-date=5 June 2015|url-status=live}}</ref>
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