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Government Budget Registers Surplus of Over $150 Million

Up to 113.4% of the government’s revenues and 112.4% of expenditures projected in the Budget Law 2019-20 were realized and revenues outweighed expenditures by 40 trillion rials ($153.84 million)
Government Budget Registers Surplus of Over $150 Million
Government Budget Registers Surplus of Over $150 Million

Government revenues outweighed its expenditures by 40 trillion rials ($153.84 million) in the last fiscal year (March 2019-20), says Mehrdad Bazrpash, the head of Supreme Audit Court of Iran, the supervisory arm of the Iranian Parliament.
Every year, SAC publishes a monitoring report on the government’s performance, which provides information on financial flows and the implementation of government programs vis-à-vis the goals and targets set in the budget law. 
Bazrpash said a total of 3,700 state agencies were audited for the 2019-20 annual report. 
“Up to 113.4% of the government’s revenues and 112.4% of expenditures projected in the 2019-20 Budget Law were realized and revenues outweighed expenditures by 40 trillion rials [$153.84 million]. A total of 820 trillion rials [$3.15 billion] worth of participatory bonds were issued by the government,” he was quoted as saying by the Persian-language daily Etemad.    
The SAC chief noted that of all the medical professionals (physicians, pharmacists, veterinarians, etc.) who were required to use point of sale machines, only 40% or 45,000 complied with the law. 

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