Azerbaijan, Baku, September 16 /Trend N. Umid/
The Iranian administration will face a $40.4 billion (based on official rate of 24,770 rials per each USD) deficit in the current solar year's budget (started on March 21) if it pays cash subsidies, spokesman of the Iranian parliament Energy Committee Hossein Amiri-Khamkani said, ILNA news agency reported.
He went on to note that the administration can prevent this problem increasing prices.
In mid-August, ISNA quoted First Vice President Eshaq Jahangiri as saying that one third of government incomes recognised in the budget would not be realised.
In July, Iranian government Speaker Mohammad Bagher Nobakht said the current year's budget is too optimistic so the next administration should revise it.
They forecast that the administration would face a $28.25 billion deficit in the current year's budget.
Iraj Nadimi another MP also believes that the deficit in the current year's budget may reach $40.4 billion.
Tasnim news agency quoted Nadimi as saying a couple of months delay in submitting budget to the parliament is main reason for the loss.
Some MPs opposed the predicted deficit in budget figures and Iran's parliament dismissed a vote on an urgent current year budget bill revision.
On September 4, the IRNA news agency quoted Iranian president Hassan Rouhani as saying the predicted income of Iran's current year's budget had been realised by 52.8 per cent during the last Iranian calendar month (July 23- August 22).
He went on to note that during the first months of the current solar year the budget income had been 43 per cent realised.
Rouhani recalled that the country is facing a massive budget deficit, adding the current year's budget proposed by the previous administration is unrealistic.