Iran’s Speaker Stresses Ending Reliance on Oil Revenues

By Staff, Agencies

Iranian Parliament Speaker Mohammad Baqer Qalibaf described petrodollars as an unreliable source of income while the administration is going to submit its proposed budget bill for the next Iranian fiscal year [which will begin in March 2021].

Addressing a parliamentary session on Wednesday, Qalibaf said what must be taken into account in formulating the national budget is non-reliance on oil incomes, which has been repeatedly stressed by Leader of the Islamic Revolution His Eminence Imam Sayyed Ali Khamenei.

Qalibaf said the budget’s dependence on petrodollars would be totally damaging and abortive.

The overriding concern is a budget deficit, he said, adding that the Parliament is pushing for a budget reform with new sources of revenue.