Gov’t Revenues Top $27b in 10 Months
Gov’t Revenues Top $27b in 10 Months

Gov’t Revenues Top $27b in 10 Months

Gov’t Revenues Top $27b in 10 Months

The government earned 1,032 trillion rials ($27.5 billion) during the first 10 months of the current Iranian year (March 20, 2016-Jan. 19, 2017), according to the Central Bank of Iran’s latest report.
This comes as the Budget Law of the current fiscal year had projected 1,319 trillion rials ($35.19 billion) in revenues for the period, IRNA reported.
Oil revenues stood at close to 492.1 trillion rials ($13.12 billion) for the period while the projection was 624.6 trillion rials ($16.66 billion).
The government also received 3.5 trillion rials ($9.33 million) from the sales of its movable and immovable assets; the budget law estimate was 13 trillion rials ($34.67 million).
Revenues earned from bond sales stood at 341.4 trillion ($9.1 billion) whereas the government expected to earn 485.9 trillion rials ($12.9 billion) from this source.
Meanwhile, 746.9 trillion rials ($19.92 billion) were collected in tax revenues during the 10-month period.
The handover of capital assets brought about 495 trillion rials ($13.2 billion) for the government whereas the projected figure was 662.7 trillion rials ($17.67 billion).
The Iranian Parliament finalized on Sunday the budget for the new Iranian year that starts on March 21.
The budget includes 3.98 quadrillion rials ($90.5 billion) earmarked as “general revenues” in addition to a whopping 8 quadrillion rials ($211 billion) to fund state companies, institutions and banks.
The parliament-approved budget needs the final endorsement of the Guardians Council—the body in charge of ascertaining the constitutional and Islamic compliance of all laws—before it becomes a law.
President Hassan Rouhani submitted the budget bill to parliament early December.

Short URL : https://goo.gl/m3A3dh
  1. https://goo.gl/rN6XzC
  • https://goo.gl/Xd18EQ
  • https://goo.gl/NozPm1
  • https://goo.gl/j48oXM
  • https://goo.gl/yRi5AD

You can also read ...

USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Call for Cutting Red Tape to Cultivate Startups
One of the grim realities local startups usually put up with...
Whenever users send multiple photos or videos  they will be grouped into albums.
Messenger app Telegram received an update over the weekend,...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.