Iran to use new sources for its budget
Tehran, Iran, Oct.9
Iran targets to reduce dependency on oil revenues in next Iranian year (begins March 21, 2020) budget plan, said Head of the Plan and Budget Organization.
"The budget dependency on oil would be cut completely, as we will not use the oil revenues for our costs," Mohammad Bagher Nobakht told reporters at a press conference, Trend reports citing IRNA.
"The budget for the next Iranian year is prepared within framework of the budget reform structure plan. There have been reforms in terms of sources, consumption and the budget system," he added.
In his words, the sources from oil sale revenues will be used for ownership of capitals and development projects.
"The hidden energy subsides, taxes and state assets will be alternatives for oil resources. We would use considerable amount of hidden subsidies in energy carrier. Although it's not expected that taxes will increase, new options such as capital revenues can produce more taxes" Nobakht said.
"Considering the inflation rate we have suggested to increase salaries of employees in the public sector by 15 percent next year, but it can increased by 20 percent," he added.
The official emphasized that in addition to draft budget for the next year, the government will also submit to the parliament a draft budget plan for 2021.