Capex Waning in Gov’t Budgets

Government expenditure on civil development projects has been on the decline during March 2010-19. 
Such capital expenditures accounted for 25% of the government’s general budget in the fiscal 2010-11 compared with 12.8% in the current year’s budget, a report by the research arm of the Iranian Parliament reads.  
The capital expenditure to operating expenses ratio also declined from 45% in the fiscal 1997-98 to 14% in the current fiscal year (March 2019-20). 
Data provided by Majlis Research Center also show that on average 93% of projected figures for operating budget have been materialized over the past 24 years compared with 66% of the projected capital expenditure.