Iran's government budget incomes realized by 78.6%

Business Materials 18 December 2014 16:19 (UTC +04:00)

Baku, Azerbaijan, Dec. 18

By Dalga Khatinoglu- Trend:

Iran's current government budget revenues have been realized by 78.6 percent, Iran's Minisrty of Economic Affair's new website, SHADA reported Dec.18.

According to the report, the government budget income was projected to be at 2,111,659 billion rials (about $80 billion), while some 52.4 percent of that has been realized during the last eight month.

Iran's fiscal year starts on March 21.

With regard to government budget law, as of the third quarter the current fiscal year, about 78.6 percent of incomes were realized.

The realization of income during the eight-month period indicates 40 percent improvement compared to the same period of last year.

Edited by CN

Dalga Khatinoglu is an expert on Iran's energy sector, head of Trend Agency's Iran news service
Follow him on @dalgakhatinoglu