November 22-2013
Oil revenues are running at less than half he volume expected when the budget for the current year was approved, Deputy Gholam-Reza Kateb, the chairman of the Majlis Planning, Budgeting and Auditing Committee announced last week. He said the government has received just 45 percent of the oil revenues anticipated at this point in the year, showing the pinch of sanctions. What’s more, the government has only collected 70 percent of the tax revenues it expected to have in hand at this point in the year. The Persian year is now seven months complete.