MRC Evaluates Gov’t Budgetary Performance in Fiscal 2020-21

The Economic Research Department of Majlis Research Center, the research arm of the Iranian Parliament, has released a report on the performance of the government on the Budget Law of fiscal 2020-21.
Last year’s budget, like previous years and contrary to what experts recommended, was approved while it was characterized by the overestimation of resources. 
Total public budget in the fiscal 2020-21 stood at 5,630 trillion rials ($19.89 billion).
Revenues generated from the sale of oil and gas hovered around 160 trillion rials, which is only 28% of the target set in the law.