Missed Income Targets Unleash Inflation: MRC

The Majlis Research Center says overestimation of government revenues in the last fiscal budget (March 2019- 20) is the origin of galloping inflation. 
In a report on the financial performance of the government, the MRC said the apparently high revenue projection is related to missed oil export revenue targets, the lifeline of the economy, which did not materialize due to the economic siege announced in 2018 by Donald Trump, the openly acrimonious US president. 
The government had expected to overall earn 4,480 trillion rials ($17.9 billion), but the numbers suggest 70% or 3,170 trillion rials ($12.6b) came through.