Zamaneh Media
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
Zamaneh Media
No Result
View All Result

Government urged to reconsider oil price predictions

by Zamaneh Media
December 20, 2014
in Latest Articles
Reading Time: 1min read
0
Government urged to reconsider oil price predictions

The head of Parliament’s Works and Budget Commission says the administration should reconsider the oil price projections in its next budget.

The Tasnim News Agency reports that according to Esmail Jalili. the projected price of $72 a barrel is too “optimistic” and needs to be reconsidered.

According to Jalili, a figure of $60 a barrel would be a more realistic basis for the budget. He also called on the government to balance the shortfall by increasing tax revenues and selling bonds.

The minister of the economy had said earlier that the budget for the new Iranian calendar year, which starts March 21, was prepared with conservative predictions regarding the price of oil to ensure price fluctuations do not cause too many difficulties for the administration.

Oil prices have fallen to their lowest point in the past five years, and the International Energy Agency has said the decline could threaten big oil-producing countries with “social instability.”

One third of the Iranian government’s budget depends on oil revenues.

The Iranian president has announced that the fall in oil prices should be seen as an opportunity to get serious about reducing the country’s dependence on oil revenues.

Previous Post

Solar panels in homes promoted in Tehran Province

Next Post

Iran tightens up airline regulations

Related Posts

Veiled Identity
Latest Articles

Veiled Identity

February 22, 2021
Untold Stories from Encyclopaedia Iranica: Interview with Abbas Amanat
Latest Articles

Untold Stories from Encyclopaedia Iranica: Interview with Abbas Amanat

February 11, 2021
November 2019: Which security and militia institutions started violence and shot people?
Latest Articles

November 2019: Which security and militia institutions started violence and shot people?

January 8, 2021
Encyclopedia Iranica “A real tour de force” is in Peril
Latest Articles

Encyclopedia Iranica “A real tour de force” is in Peril

December 24, 2020
The US Election and the Iranians’ Views: a Reflection of the Hatred for the IRI
Latest Articles

The US Election and the Iranians’ Views: a Reflection of the Hatred for the IRI

November 3, 2020
Invitation to Reflect on a Beheading
Latest Articles

Invitation to Reflect on a Beheading

November 2, 2020

RSS Iran in other media

  • Social media fight spreads in Iran as women seek to regain international travel rights - ABC News
  • Anti-Chinese sentiments rise in Iran courtesy bitcoin firms - Economic Times
  • U.S. bombs Iranian militia sites in Syria; Kaine says Congress should've been consulted in advance - 13newsnow.com WVEC
  • US airstrikes in Syria target iran-backed militias - WXIX
  • Biden’s decision to strike Iran’s proxies is a good start - Brookings Institution
  • Biden sends a message to Iran, but with a scalpel instead of a sledgehammer - CNN
  • Iran and the United States try to get back to the table - Aljazeera.com
  • Correspondence - Covid-19 vaccine rollout in Iran, Sharia law in Thailand and camel milk in Kenya - FRANCE 24
  • India to supply four more cranes to Iran's Chabahar port to boost ops - Mint
  • US bombs Iran-backed militia; House votes today on COVID-19 relief; Prince Harry raps 'Fresh Prince' - Buffalo News
Zamaneh Media

© 2020 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise

© 2020 Zamaneh Media