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EghtesadOnline: Iran met 96% of the budgetary outlay of 2.94 quadrillion rials ($78.8 billion) for the last Iranian year (March 2016-17), the head of Planning and Budget Organization said.

“As for the tax revenues projected to reach 1.57 quadrillion rials ($42 billion), 93% were materialized,” Mohammad Baqer Nobakht was also quoted as saying by IRNA in a press conference on Wednesday. According to Nobakht, who is also the government spokesman, revenues associated with the sale of capital assets stood at 740 trillion rials ($19.8 billion) for the year, which constitute 94% of the budgetary target.

"The government issued 630 trillion rials ($16.9 billion) worth of bonds last year, about 9% more than what was estimated in the bill, to compensate for the deficit in income and expenditure," Financial Tribune quoted him as saying.

Mohammad Baqer Nobakht Iran budget Iran budgetary outlay