Article 8: Finance and Economy

1. The national economy shall be based upon free market principles, and its aim shall be economic development, increase of productivity, improvement of the standard of living, and achievement of prosperity for all citizens in Iran.
2. The rules for the protection of State properties, their administration, the conditions of their disposal, and the limits within which any of these properties may be relinquished shall be set forth by law.
3. Natural resources and all revenues there from are the property of Iran. The government shall ensure their preservation and proper exploitation, due regard being given to the requirements of free market values, State security, and the national economy.
4. The Prime Minister shall prepare and submit to the Magless for its consideration and decision a budget for each fiscal year.
5. No money shall be drawn from the Treasury, nor shall Iran obligate itself, except in consequence of appropriations made by law; and a regular statement and Account of the Receipts and Expenditures of all public money shall be published regularly. Final accounts of the expenditures and revenues of Iran shall be audited annually by the Office of the Treasury and submitted to the Magless and the general public, together with the statement of audit, during the fiscal year immediately following the period covered.
6. If the budget law has not been promulgated before the beginning of the financial year, the preceding budget applies until the new one is issued and revenues are collected and disbursements made in accordance with laws in force at the end of the preceding year. However, if the Magless has approved one or more parts of the new budget, they are put into effect. In order to provide for unforeseen deficiencies in the budget, a reserve fund may be authorized by the Magless to be expended upon the responsibility of the Prime Minister, however, the Prime Minister must get subsequent approval of the Magless for all payments from the reserve fund.
7. No public money or other property shall be expended or appropriated for the use, benefit or maintenance of any religious institution or association. However the preservation and maintenance of historical buildings in which religious institutions reside may be permissible in cases when specific facilities are deemed to be of historical value by Magless.
8. All charitable, religious, educational, or other not for profit institutions may operate tax exempt. The criterion to qualify as a not for profit institution will be set forth by law.
9. Public loans and loan guarantees shall be made available to private citizens and businesses for the purposes of assisting with new business ventures, college education, research projects, space exploration, or for any other purposes set forth by law.