Iran posted an $8.2bn deficit in the last financial year. But with a growing economic crisis and looming sanctions, this may prove the highwater mark for some time.

 

Iran posted a budget deficit of IR270 trillion ($8.2bn at the fixed budget rate of $1=IR33,000) in fiscal year 2017-18, which ended on 20 March. This was marginally down in dollar terms (but up 5.6% in rials) from the previous year’s deficit of IR255 trillion ($8.5bn at $1=IR29,970), according to statistics from...