Iran's Economic Council Approves the 1406 Budget Circular, Pending the President's Signature

Seyed Hamid Pourmohammadi, head of Iran's Plan and Budget Organization, said on Friday, October 23, 2026 that the Economic Council approved the circular for drafting the 1406 budget bill and sent it to the president for signature. He said the circular may be issued early next week. Approval of the circular is not yet its issuance or approval of the budget bill itself.

Pourmohammadi said drafting groups meet weekly and the government's economic team must coordinate after the circular is issued. The circular sets the process for preparing next year's budget, but the report gives no finalized revenue or spending allocations.