Business And Markets
0

MRC Claims Revenue Side of Budget Inflated

MRC Claims Revenue Side of Budget Inflated MRC Claims Revenue Side of Budget Inflated

The Majlis Research Center, the influential parliamentary think tank, says the budget bill for the next fiscal year (March 2020-21) is imbued with overestimations on the revenue side. 
It said the higher projections on revenues emanate from the government‘s disregard for studies done to adjust budgets in the past. 
MRC ascribes the government failure to apply corrective measures to its lack of will, limited executive power and the role of lobbies and vested interests. 
In the next fiscal year general revenues have been projected at 4,845 trillion rials ($37 billion as per the open market rate of USD 1= 13,000 rilas). 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com