He also said the country is moving fast towards realization of knowledge-based economy, adding that a $200m budget has been earmarked for the Innovation and Prosperity Fund during the next calendar year which is just a part of the finances allocated to the fund.
"When the economy becomes knowledge-based, the country will act more wisely when faced with price downfalls in the oil market," he added.
The official said oil dependency in the new draft budget proposed for the next Iranian calendar year (which starts on March 21) would be around 30 percent.
Sattari said that development could create a “golden opportunity” for Iran to move from the current oil-based economy to a knowledge-based one.
Iran's annual budget in 2013 also saw a 40-percent decrease in the projected oil incomes, a move described by the administration as making the budget extremely contradictory to respond to Western sanctions.
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