TEHRAN, Iran, Dec.6
Trend:
Iran's government is expected to receive revenues worth $71 billion next year, which would mean some $35 billion of deficit, a bank expert, professor at Kharazmi University in Iran Vahid Shaghaghi told Trend.
He said that the draft for the next year's budget has been provided without considering the oil revenues.
“This was not, of course, a choice but the government was forced to make that decision,” said Shaghaghi.
He pointed out that Iran's oil sales are currently below 500 barrels per day, and the sales aren't stable, so Iran may one day end up with no exports at all.
“Last year the public budget amounted to over $104 billion, which was eventually reduced to $92 billion,” he said. “The next year public budget for next year appears to be around $100 to 107 billion.”
He went on to add that considering the above, a 15 to 20 percent increase in salaries of workers' wages is possible.
"Most part of the government revenues for the next year will be from taxes, customs duties and debt securities," Shaghaghi said.
He also admitted that Iran is currently struggling with multiple currency rates, which leads to corruption.