Iran’s budget deficit came in bigger than expected in the first quarter of the current fiscal year (March 21-June 21) to reach 290.1 trillion rials ($6.59 billion), according to the Central Bank of Iran’s latest report.
The shortfall for the period was larger than the budgetary forecast of 82.2 trillion rials ($1.86 billion).
The deficit is 66% more compared to the preceding year’s corresponding period.
August 06, 2018 19:06
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Iran Budget Deficit Hits $6.5b
Overall revenues during the three months amounted to 99.7 trillion rials ($2.26 billion), indicating a decline of 45.1% year-on-year, while spending hit 389.7 trillion rials ($8.85 billion) to register a 9.4% growth YOY
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