Tehran faces over $1.5 bln budget deficit
The Iranian administration is facing over $1.5 billion budget deficit.
The Central Bank of Iran noted in its report on incomes and expenses of the administration in spring 2014. Based on the report, the administration's incomes amounted to $5.1 billion, of which the share of tax incomes was $3.8 billion, Tasnim news agency reported on Aug.19.
Meanwhile, the current expenditures of the administration hit $10.5 billion, it added.
The USD exchange rate is currently about 31,000 rials in Iran.
Spokesman of the Iranian parliament Energy Committee Hossein Amiri-Khamkani said in August 2013 that the Iranian administration will face a $32.2 billion deficit.
First Vice President Eshaq Jahangiri has said that one third of government incomes recognized in the budget would not be realized.