ILNA: The budget bill for the current Iranian calendar year (March 2013-March 2014) will face some 800 trillion rials in deficit (about $32 billion based on the Tehran Forex Centre’s USD exchange rate of 24770 rials), Tehran Chamber of Commerce official Mohsen Bahrami Arz-Aqdas said.
He added that the private sector is concerned about the realisation of goals set in the national budget, saying that the administration will not deliver the targeted revenues through exporting oil, selling assets, imposing taxes, levying duties and increasing fuel prices.
Increasing taxes to the level the budget bill has envisaged is not possible, he said, adding that the income which had been projected to be gained through raising fuel prices by 38.5 per cent will not be realised.
According to him, the revenues which had been projected to be gained through raising customs duties will not be realised because importing $50 billion worth of goods is not possible.
He also cast doubt on realising objectives of a plan for exporting 1.3 million barrels of oil per day in the current year due to international sanctions.
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