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.
September 10, 2018 19:00
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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
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