Iran Issues 1406 Budget Circular Prioritising Reconstruction and Inflation Control

President Masoud Pezeshkian sent the circular for preparing Iran's 1406 budget bill to cabinet members and executive agencies on Tuesday, November 3, 2026 (12 Aban 1405). The published text directs agencies to frame proposals around controlling inflation, preserving production capacity and jobs, rebuilding damaged infrastructure and targeting household support.

It lays out two planning scenarios, continued current restrictions and a gradual improvement in conditions, and prioritises completing unfinished projects over starting new ones. The circular guides preparation of the bill; it does not approve final budget allocations or amount to parliamentary passage.