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Iran Budget Deficit Hits $6.5b (07 August 2018)

 Iran’s budget deficit came in bigger than expected in the first quarter of the current fiscal year (March 21-June 21) to reach 290.1 trillion rials ($6.59 billion), according to the Central Bank of Iran’s latest report.

The shortfall for the period was larger than the budgetary forecast of 82.2 trillion rials ($1.86 billion).

The deficit is 66% more compared to the preceding year’s corresponding period.

Source: Financial Tribune  - Date: (07 August 2018)


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