22 February 2015 - 12:34
  • News ID: 235655
Cutting reliance on oil revenues unprecedented

TEHRAN Feb 22(Shana)--The Chairman of Planning and Budgetary Commission of Majles (parliament) Gholamreza Tajgardon has said that lowering budget dependency on oil revenues to zero is impossible at once, because alternative revenues should be defined accurately before cutting dependency on oil revenues.

Replying to some criticisms on reliance of next year’s budget on oil revenues, he said while three years ago annual budget reliance on oil revenue stood at 50 percent, the government reduced oil revenues share in last year’s budget and this year’s budget is reliant on oil revenues just by around 37 percent.

According to him, the government in next year’s budget reduced dependency on oil revenues further to 31 percent but integrated commission of parliament revised it so that reliance on oil revenues in next year’s budget has restricted to just 25 percent.

Cutting reliance on oil revenues to 25 percent is unprecedented in the history of Iran’s budget bills, Tajgardon concluded.
News ID 235655

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