Iran Gov’t Budget Deficit to Exceed $10b

The government is expected to run a budget deficit of 2,800 trillion rials ($10.2 billion) by the end of the current fiscal year (March 2021-22), forecasts Majlis Research Center, the research arm of the Iranian Parliament.
Government revenues during the first four and a half months of the current fiscal year (started March 21) met 46% of the target set in the budget law for the period, according to a recent report published by MRC.
Revenues gained during the period realized 18% of the target set for the entire fiscal 2021-22, the report added, noting that despite the relatively high realization rate for tax and customs revenues, they also fell short of the budgetary target set for the four and a half months under review. 
The realization rate for oil revenues stood at 15% for 4.5 months and 3% for the whole year, which indicate an overestimation of this source of revenue in the budget.