Baku, Azerbaijan, Oct. 17
By Fatih Karimov – Trend
Iran’s tax revenues amounted to 356 trillion rials ($11.25 billion based on official rate of 31,639 rials per USD) in the first five months of the current Iranian fiscal year (March 20-Aug. 21), Central Bank of Iran (CBI) reported Oct. 17.
The figure indicates an increase by 25.6 percent as compared to the same period of the preceding year.
About 75 percent of the tax revenues envisaged by the national budget bill (440.9 trillion rials) has been realized during the five-month period, according to the CBI.
The government’s total revenues stood at 471.8 trillion rials during the first five months of the current Iranian fiscal year, while over 668 trillion rials of revenues were envisaged for the period in national budget.
However, the total revenues of the Iranian government registered an increase of 21.9 percent year-on-year.
The government spending amounted to 776.9 trillion rials in the period, 23.5 percent more compared to the first five months of preceding year (March 20-Aug. 21, 2015).