TEHRAN, Iran, Oct.20
Trend:
Iranian parliament supports the government in an economically difficult situation however there are concerns over the lack of transparency in revenues, said the head of parliament plan and budget commission.
"The parliament is ready to help the government to defeat inflation and overpricing while it has short term plans to solve parts of people's problems that include the supply of necessary goods to 60 million people," said Hamidreza Hajibabaie, Trend reports citing Mehr News Agency.
According to him the increase in pensions was another policy that was the right move in the current climate.
"The parliament has the plan to reform the budget structure, the country used to sell 2.2 million barrels of oil per day domestically to refineries and export 2.5 million barrels of oil to foreign market but it can no longer export this volume so if the government can sell 4.7 million barrels to the private sector instead of 2.2 million it would create jobs while the produced oil products would sell 10 times more than crude oil," he added.
He also noted that there were complaints about a lack of transparency in oil revenue. The government revenue from the sale of 2.2 million barrels of oil to refineries was $152 billion and $47 billion was spent for energy subsidies while $104 billion is missing from the total figure that indicates a lack of transparency.
"The online trade data system could provide more data access to people so parliament's supervision would not be necessary. The tax infrastructure is implementing fair instruction that has responded to the country's needs meanwhile the sale of government bonds and exchange tradable funds were successful at the stock exchange" he said.