Iran says running on budget of below $40bn
Iran says the drop in oil prices has made it run on a budget of less than $40 billion./ A senior Iranian official said on Saturday that the drastic drop in oil prices has already made the country to run on a budget of less than $40 billion. Mohammad-Baqer Nobakht, the president of Iran’s Management and Planning Organization (MPO), said the country previously managed on a budget of $55-$60 billion thanks to high oil prices. “However, the current prices of crude oil in international markets have delivered a shock to Iran’s economy,” Nobakht ...
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