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Iran’s tax revenues hit $16B in 7 months

Business Materials 13 December 2016 11:15 (UTC +04:00)

Baku, Azerbaijan, Dec. 13

By Fatih Karimov – Trend:

Iran’s tax revenues amounted to 512.4 trillion rials ($15.9 billion based on official rate of 32,229 rials per USD) in the first seven months of the current Iranian fiscal year (March 20-Oct. 21), Central Bank of Iran (CBI) reported.

The figure indicates an increase by 26.5 percent as compared to the same period of the preceding year.

About 83.4 percent of the tax revenues envisaged by the national budget bill (614.4 trillion rials) has been realized during the seven-month period, according to the CBI.

The government’s total revenues stood at 691.5 trillion rials during the first seven months of the current Iranian fiscal year, while over 931.3 trillion rials of revenues were envisaged for the period in national budget.

However, the total revenues of the Iranian government registered an increase of 24.1 percent year-on-year.

The government spending amounted to 1,097.3 trillion rials in the period, 24.3 percent more compared to the first seven months of preceding year (March 20-Sept. 21, 2015).

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