The Iranian government's balance sheet for the last fiscal year (March 2017-18) shows major improvement compared to the preceding year, as revenues got a boost in line with curbs on spending.
Its overall revenues in the 12 months amounted to 483.7 trillion rials ($11.17 billion), posting a rise of 35.8% year-on-year, while its spending hit 753.7 trillion rials ($17.41 billion) to register a 23.2% growth YOY.
This is while CBI's previous budgetary report for the 11 months to Feb. 19 saw revenues posting a rise of 23.2%, while spending had a 30.1% growth year-on-year.
The latest reported deficit of 270 trillion rials ($6.23 billion) also came in narrower than the budget law’s forecast of 321.4 trillion rials ($7.42 billion).
July 14, 2018 20:51
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Iran Budget Deficit Growth Slows
The government’s overall revenues during the 12 months amounted to 483.7 trillion rials ($11.17 billion), posting a rise of 35.8% year-on-year, while its spending hit 753.7 trillion rials ($17.41 billion) to register a 23.2% growth YOY
Tax revenues were estimated to hover around 1,164.6 trillion rials ($26.91 billion), but they reached 1,158.4 trillion rials ($26.77 billion) from 1,014.7 trillion rials ($23.45 billion) in the year before, registering a 14.2% increase YOY
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