EghtesadOnline: The latest data released by the Central Bank of Iran show that as oil revenues jumped in the first quarter of the current fiscal year (March 21-June 21), higher spending and lower tax revenues have widened the budget deficit.
EghtesadOnline: Iran’s widening budget deficit, resulting mostly from fundamental budgetary issues, has raised concerns that bigger financial problems could emerge in the future for the government that is already facing serious challenges in terms of resources.
EghtesadOnline: Iran’s budget deficit stood at 288.5 trillion rials ($7.62 billion) in the last fiscal year (March 2016-17), indicating a 50.8% rise compared with the year before, the Central Bank of Iran announced.
EghtesadOnline :Iran’s budget deficit for the 11 months of the last Iranian year (March 20-Feb. 18, 2016) stood at 232.9 trillion rials ($6.2 billion), showing a 23% decline compared with the similar period of a year before, the Central Bank of Iran said.
EghtesadOnline: Iran’s budget deficit for the three quarters of the current fiscal year (March 20-December 20, 2016) amounted to 268.9 trillion rials ($7 billion), according to the latest data released by the Central Bank of Iran.