A country’s budget is the government’s fiscal plan for that state for a period of 12 months. All the country’s revenue and resources to provide credit are forecasted, placed alongside anticipated costs and expenses. The intention of this piece is to provide a much-needed close examination of Iran’s budget.
Iran’s next fiscal budget (from March 2018 to March 2019) is equal to around $350 billion. How is this money provided for? In general, Iran’s budget is funded through oil, taxes, increasing bonds and eliminating cash handouts or subsidies.
Oil, a natural resource belonging to the Iranian people, is currently being plundered by the ruling mullahs for foreign expenditures.
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