Iran is on track to record a steep increase in its budget deficit to $13.3bn in the fiscal year 2017-18 (from 21 March), up 39% from last year’s $9.6bn deficit (MEES, 21 July). This is based on government figures for the first five months of the year, when Iran already racked up a $5.6bn deficit.
The statistics from the Central Bank of Iran (CBI) imply that the government is set to post a deficit 38% higher than the budgeted $9.7bn (IR321 trillion) – a figure it has already surpassed. (CONTINUED - 624 WORDS)
