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Iran customs, tax income to hit $25.7b this year

Iran customs, tax income to hit $25.7b this year

TEHRAN: The Iranian administration has said that customs and tax income are projected to hit 640 trillion rials (about $25.7 billion) this year.

The authorities have set oil price to $100 per barrel in the next year’s national budget bill. The next Iranian calendar year begins on March 21, 2014.

The US dollar exchange rate has also been set to 26,000 rial, Iranian MP Ja’far Qaderi said, adding that the general budget has envisaged to hit 1,900 trillion rials (about $76.3 billion based on the US official exchange rate of 24,900 rials), he added.

The government revenues have forecasted to reach 800 trillion rials (about $32.1 billion), he said.