Iran's presidential administration earns just 53 percent of projected revenue - report
Azerbaijan, Baku, Mar.4/ Trend G.Mehdi/
The administration of Iranian President Mahmoud Ahmadinejad has earned just 53 percent of the figure which had been projected by the current year's budget act during the first nine months of the current year (March 20-Decemebr 20, 2012), the Mehr News agency reported.
The administration's income totaled 344 trillion rials (about $28 billion) in the 9-month period, showing a 40.8 percent rise compared to the same period in the previous year.
Meanwhile, expenditures rose 62 percent to reach 631 trillion rials ($51.3 billion).
According to the report, just 16 percent of the approved budget, amounting to 60 trillion rials (about $5 billion), has been spent in development plans.
The administration's current expenses exceeded 690 trillion rials (about $56 billion) in the mentioned period.
Previously, the chairman of Iran's Parliamentary Economic Committee, Gholamreza Mesbahi-Moqaddam has predicted that the administration would face 740 trillion rials (some $60 billion) budget deficit in the current calendar year.
Last week Fars News Agency quoted Mesbahi-Moqaddam as saying that oil incomes have decreased and that the country is facing an unfavorable economic condition.