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Iran Unveils 1405 Budget: New Currency, Salary Hikes, Tax Changes

12/24/2025

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Summary

Story summary

Iran's government submitted the 1405 budget bill totaling over 14 trillion new rials, the first drafted with the new rial that removes four zeros, to curb the deficit and inflation.
The bill includes a 20% salary increase for government employees and raises the income tax exemption ceiling.
Parliamentary review will begin, with the government aiming to broaden sustainable income sources and reduce oil revenue dependence.

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Story summary

Iran's government submitted the 1405 budget bill totaling over 14 trillion new rials, the first drafted with the new rial that removes four zeros, to curb the deficit and inflation.
The bill includes a 20% salary increase for government employees and raises the income tax exemption ceiling.
Parliamentary review will begin, with the government aiming to broaden sustainable income sources and reduce oil revenue dependence.