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Iran Budget Deficit Widens to $2.9b

Overall revenues during the four months amounted to 185.9 trillion rials ($1.74 billion), indicating a decline of 25.4% year-on-year, while spending hit 498.5 trillion rials ($4.68 billion) to register a 21.2% growth YOY
Budget Deficit Widens to $2.9bBudget Deficit Widens to $2.9b

Iran’s budget deficit came in bigger than expected, as usual, in the first four months of the current fiscal year (March 21-July 22) to reach 312.5 trillion rials ($2.93 billion), the latest data released by the Central Bank of Iran on Monday show. 
The shortfall for the period was larger than the budget law’s forecast of 109.6 trillion rials ($1.02 billion) for the period.
The shortfall is 93% more compared to the preceding year’s. 

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