Budget Deficit Widens to $2.9b
Budget Deficit Widens to $2.9b
Tuesday, September 11, 2018

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
Tuesday, September 11, 2018

Iran Budget 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. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/tqWBD2
  1. https://goo.gl/ePYHc4
  • https://goo.gl/NN6zce
  • https://goo.gl/CdbjYL
  • https://goo.gl/zcszBH
  • https://goo.gl/86Nd44

You can also read ...

FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018
Despite autumn dryness, crop conditions recovered in Iran and...
Iran's Summer Box-Office Revenues Exceed $5 Million
Iran’s box-office revenues exceeded 610 billion rials ($5.19...
Central Bank of Iran Issues AGM Permits for 20 Lenders
The Central Bank of Iran issued 20 permits as of Saturday for...
Iran's Trade With Italy Tops $590m
Iran traded 389,963 tons of non-oil commodities worth $594.82...
SCI Puts Iran's YOY Inflation at 25.7%
The goods and services Consumer Price Index for the month...
Main Reasons Leading to Frictional Unemployment
Out of 3.2 million unemployed people in the fiscal 2017-18,...
Changes in Iran's Q1 Export, Import Price Indices (March-June 2018)
The export price index (using the year ending March 2012 as a...
Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market
The gravest problem facing privatization in Iran is the...

Add new comment