...

Iran defines oil price at $40 in budget: Iranian MP

Oil&Gas Materials 24 December 2008 17:24 (UTC +04:00)

Iran, Teheran, Dec. 24/ Trend , A. Namdari/ The Iran's government defined oil price at $40 per barrel in the 2009 budget and submitted draft budget to Parliament, Abbasali Nura, member of the economic commission of the Iranian parliament, said to Trend .

"The Parliament and the government are of the same opinion concerning the 2009 budget," Nura said.

The government of Ahmadinejat is expected to submit the 2009 draft budget within two weeks to the Parliament, he said. The budgeted deficit for 2008 made up 7bln of tuman.

After the 2005 Presidential elections in Iran, the government of Mahmoud Ahmadinejat repeatedly applied to the Parliament to withdraw funds from the reserve currency fund. Withdrawal of money from the reserve currency fund by the government caused inflation.

The reserve currency fund was established during Mohammad Hatemi's presidency in Iran to accumulate oil revenues.

Over last months Ahmadinejat's government was criticized by experts and religious scientists for its economic policy.

Inflation in Iran is due to the world financial crisis, Iranian President said. He accused his malevolents of "telling a lie."

The experts criticized allocation of additional funds for plan entitled Working centers of high efficiency. Chairman of Iran's Central Bank Tahmasib Mezahiri was dismissed as he refused to provide additional finance for this plan.

So far Ahmadinejat twice dismissed minister of economy and chairman of Central Bank three times.

During election campaign he promised equal allocation of oil profit among population.

Presently, Ahmadinejat's government is to approve draft economic reforms in the Parliament. According to poll, 63mln of people back the realization of the project, according to officials of the government. Under this project grants for some products will be paid to population in cash.

Have any feedback? Contact our journalist at: [email protected]

Latest

Latest