Iran Gov’t Says Deficit to Hit $11b in 2022-23 Budget

Despite government efforts to minimize the deficit in March 2022-23 budget, numbers seen in the fiscal budget show a deep gulf between income and expenditure. 
According to Hadi Qavami, a deputy at the Economy Ministry, the deficit in the next fiscal budget is expected around 3,000 trillion rials ($11 billion). 
Qavami said the shortfall is way lower than the deficit in the present fiscal year. “The budget deficit next year is not expected to increase next year…Rather it should decline by 1,500 trillion rials ($5.5 billion) compared with present fiscal year,” he was quoted as saying by IBENA.