Baku, Azerbaijan, April 14
By Gazenfer Hamidov – Trend:
Iran’s tax revenues amounted to 921.8 trillion rials in the first 11 months of the last fiscal year (March 20, 2017-Feb. 20, 2018).
The revenues registered a rise by 7.6 percent year-on-year, the Central Bank of Iran (CBI) said.
About 86 percent of the tax revenues envisaged by the national budget bill (1,072.1 trillion rials) have been realized during the 11-month period.
Iranian government’s total revenues stood at 1,256 trillion rials during the first 11 months of the last fiscal year. Meanwhile, over 1,602.6 trillion rials of revenues were envisaged in the national budget for the mentioned period, which means that the government revenues were materialized by 78.4 percent.
Total revenues of the Iranian government registered a rise by 6.7 percent during the 11-month period year-on-year.
The Iranian budget foresaw 1,741 trillion rials of revenues for the government during the last fiscal year (ended March 20, 2018).
The government’s overall revenues amounted to 1,177.6 trillion rials in first 11 months of the preceding fiscal year (March 20, 2016-Feb. 20, 2017), 31.6 percent more year-on-year.
The CBI data indicates that the government spending has increased by 15.6 percent during the 11-month period of the last fiscal year.
Based on the data, the government spending amounted to 2,064.2 trillion rials (each USD makes 42,000 rials based on official rate) in the period.
The budget envisaged 2,538.2 trillion rials of spending for the government for the last fiscal year, of which 2,336.5 trillion rials were allocated to 11-month period.
The CBI data indicates that Iran experienced a negative operating budgetary balance by 842.4 trillion rials, 30.1 percent more compared to the same period of the preceding year.