In the economic literature, There are two hypothesizes on Twin Deficits: Keynesian proposition and Ricardian equivalence. According to Keynesian theory, the budget deficit affects the domestic and international economy, whereas the Ricardian equivalence will deny any relationship between budget deficit and other economic sectors, both inside and outside of economy.In this paper first the two hypothesizes of Keynesian and the Ricardian equivalence introduced and then by co- integration test and analysis of variance the relation among budget deficit, the consumption of the private sector and current account deficit and economic growth has been analyzed during the period of 1350-1385 in Iran. The results confirm the relationship among the budget and current account deficits and private consumption and economic growth. In other words, Ricardian equivalence is rejected in Iran.