Iran's government looks to reduce its reliance on oil sale revenues in the next Iranian year (starts March 21,2021) budget plan, said Iranian government's spokesman Ali Rabie, Trend reports citing IRNA.
"The government has decided that reliance on crude oil sale revenues in the next Iranian year's budget plan would not be more than the current budget plan," said Rabie.
"It should be noted that oil should be produced and sold," Rabie said, adding that Iran's participation in international markets, but the oil sale revenues wouldn't be considered in the budget, and will be used for people's welfare, preserve and develop infrastructure.
"It has been predicted in the next Iranian year's budget plan that $7.3 billion worth of credit would be assigned to be paid for the living needs of 60 million people, alongside $10 billion worth of for the households," he said.
"Another specification of the budget plan - to generate revenues from capital market, coordination of monetary and financial markets by open market operations and providing $675 million worth of credit for development of cadastre of national lands, public and agricultural lands," he said.
"The government has predicted that some $8 billion will be allocated for purchasing basic goods and medicine with official foreign currency rate of 42,000 rials per US dollar," he said.
"The budget plan includes $200 billion for the public budget, $20 billion worth of special revenues and $371 million for for public companies that are government affiliated or depend on banks," Rabie said.