Iranian administration faces over $1.5 billion budget deficit

Baku, Azerbaijan, Aug.19 By Fatih Karimov - Trend: The Iranian administration is facing over $1.5 billion budget deficit. The central bank of Iran released a 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, Iran's 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. Follow us on Twitter @TRENDNewsAgency