Baku, Azerbaijan, Nov. 15
By Fatih Karimov – Trend:
Iranian government’s total revenues stood at 567.8 trillion rials ($16.2 billion based on official rate of 35,000 rials per each USD) during first half of the current fiscal year (March 20-Sept. 22), Central Bank of Iran (CBI) said in its latest monthly report.
Meanwhile, over 887.2 trillion rials of revenues were envisaged in the national budget for the mentioned period, which means that the government revenues were materialized by 64 percent.
Total revenues of the Iranian government registered a fall by 3.7 percent during the 6-month period year-on-year.
Iran’s tax revenues amounted to 431.2 trillion rials in the period, registering a 0.4 percent fall compared to the same period of the preceding year.
About 72.6 percent of the tax revenues envisaged by the national budget bill (593.5 trillion rials) have been realized during the 6-month period, according to the CBI.
Tax evasion is considered as a main problem in the country. Officials suggest that 43 percent of Iranian people, entities, institutions or organizations who produce goods and services are excluded from paying taxes.
Iranian tax officials estimate that the value of tax evasion in the country is between 130 trillion and 300 trillion rials.
According to the CBI report, the government spending amounted to 1,074.9 trillion rials in the period, 13 percent more compared to the first 6 months of the last fiscal year (March 20-Sept. 22, 2016).
Iran experienced a negative operating budgetary balance by 551.7 trillion rials, 45.7 percent more compared to the same period of last year (-378.7 trillion rials).