“If oil prices fall by 30%, this [Iranian] economy has managed to boost its oil sales by 30% through its initiatives and has found new customers,” Mohammad Nahavandian said.
He added that the government will rely on non-oil exports in order to manage its oil-dependent budget.
He said that the budget bill drafted for next fiscal year “will be a budget without deficit.”
“In terms of resistance and self-reliance, Iran’s economy has reached a stage where no external shock can threaten” it, said Nahavandian.
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