Iran’s oil revenues top $ 13 Bln in 10 months

14 March, 2017
Source: Financial Tribune

The government earned 1,032 trillion rials ($27.5 billion) during the first 10 months of the current Iranian year (March 20, 2016-Jan. 19, 2017), according to the Central Bank of Iran’s latest report.

This comes as the Budget Law of the current fiscal year had projected 1,319 trillion rials ($35.19 billion) in revenues for the period, IRNA reported.

Oil revenues stood at close to 492.1 trillion rials ($13.12 billion) for the period while the projection was 624.6 trillion rials ($16.66 billion).

The government also received 3.5 trillion rials ($9.33 million) from the sales of its movable and immovable assets; the budget law estimate was 13 trillion rials ($34.67 million).

Revenues earned from bond sales stood at 341.4 trillion ($9.1 billion) whereas the government expected to earn 485.9 trillion rials ($12.9 billion) from this source.

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