Iran’s annual tax revenues hit $32B
Baku, Azerbaijan, July 10
By Fatih Karimov– Trend:
Iran’s tax revenues amounted to 1,014.7 trillion rials ($31.7 billion based on official rate of each 32,000 rials per USD) in the last Iranian fiscal year (March 20, 2016-March 20, 2017), Central Bank of Iran (CBI) reported July 10.
The figure indicates an increase by 28.1 percent as compared to the same period of the preceding year.
About 97 percent of the tax revenues envisaged by the national budget bill (1038.3 trillion rials) have been realized during the 12-month period, according to the CBI.
The government’s total revenues stood at 1,459.9 trillion rials during the 12-month period, 29.9 percent more year-on-year.
The government spending amounted to 2,070.2 trillion rials during the last fiscal year, 20.6 percent more compared to the preceding year.
The country’s revenue from taxes is projected to hit 1,120 trillion rials ($33.9 billion) during the current fiscal year.