Baku, Azerbaijan, Apr.15
By Fatih Karimov - Trend:
Oil income accounted for 41 percent of the Iranian administration's budget in the past fiscal year, which ended on March 20.
Chief of Iran's Supreme Audit Court, Amin Hossein Rahimi, said that 35 percent of the budget was secured by tax incomes, and the rest by other sources of income, Iran's Shana news agency reported on April 15.
"Some 80 percent of the national budget is spent for paying salaries of civil servants and current affairs. The problem is rooted in the lack of operational management planning."
On March 2, Press TV reported that President Hassan Rouhani has sent a new budget less dependent on oil revenue to his administration for implementation.
The report said the budget was finalized after more than two months of parliamentary debate. Iran's fiscal year begins on March 21.
The budget will depend on oil revenue by up to 35 percent, compared to the current level of 42 percent.
The report said that non-oil exports, taxes and savings from lower energy and food subsidies will make up the difference.
On February 9, the Iranian Majlis approved a 7.93-quadrillion-rial (about $319 billion) national budget bill for the current Iranian calendar year.
The proposed national budget amounted to about 7.83 quadrillion rials (about $315 billion), an 8.4 percent rise year on year.
The budget is based on an oil price of $100 per barrel and a projected average exchange rate of 26,000 rials to the U.S. dollar for the fiscal year.
The funding for running the government increased by 240 trillion rials (about $9.6 billion) and was set at 1.95 quadrillion rials (about $78.4 billion).
The draft national budget estimates crude oil production and exports at about 3.3 million barrels per day and 1.5 million barrels per day, respectively.