Iran suffers from negative operating budgetary balance
Baku, Azerbaijan, Sept. 13
Iranian government’s total revenues stood at 421.1 trillion rials during the first four months of the current fiscal year, started March 20 (1 USD = 42,000 rials).
Meanwhile, over 734.4 trillion rials of revenues were envisaged in the national budget for the mentioned period, which means that the government revenues were materialized by 57 percent, according to the central bank of Iran (CBI).
Total revenues of the Iranian government registered a rise by 12.3 percent during the 4-month period year-on-year.
The government’s overall revenues amounted to 1,675.7 trillion rials in the last fiscal year (March 20, 2017-2018), 15 percent more year-on-year.
The Iran national budget foresees 2,162 trillion rials of revenues for the current fiscal year (to end March 2019).
Iran’s tax revenues amounted to 348.8 trillion rials in the 4-month term of the current year, registering a growth by 17.5 percent compared to the preceding year. The figure stood at 1,158.4 trillion rials in the last fiscal year, 14 percent more, year-on-year.
The CBI data indicates that the government spending has increased by 15.2 percent during the 4-month period of the current fiscal year.
Based on the data, the government spending amounted to 854.1 trillion rials in the period, meanwhile the budget envisaged 998.8 trillion rials of spending for the government for the first four months of the current fiscal year.
So Iran experienced a negative operating budgetary balance by 498.5 trillion rials, 21.2 percent more compared to the 4-month period of the preceding year, when the figure was -411.2 trillion rials.
The government spending amounted to 2,429.4 trillion rials in the last fiscal year, meanwhile the budget has envisaged 2,939.9 trillion rials of spending for the government for the current fiscal year.