The government of Hassan Rouhani predicts a budget deficit of 9 billion dollars for the remaining months of the fiscal year ending March 20.
The Chairman of the Management Planning organization, Mohammad Bagher Nobakht, said on Wednesday: “Our prediction is that, by the end of the year, there will be lack of achieving of 9 billion dollars income however we run the country.”
He added: “Naturally there would be some difficulty.”
This is while he had said on 29 December that, even if oil prices reach $34-35 dollars a barrel, “the problem can be controlled easily”.
Prior to that, the official news agency IRNA reported that the oil income would constitute 33% of the budget for the next year.