Export revenues from Iran's oil products double
BAKU, Azerbaijan, Dec. 10
By Elnur Baghishov - Trend:
Iran’s budget revenues from exports of oil products are expected to increase twice next Iranian year (March 21, 2020 - March 21, 2021), Trend reports referring to Iran’s Plan and Budget Organization.
Iran’s budget revenues from the exports of oil products are expected at 880 trillion rials (about $20.9 billion) next Iranian year.
However, this figure was 435 trillion rials (about $10.3 billion) in this year’s budget.
Iran’s budget of 4.8 quadrillion rials (about $115 billion) for next year (March 21, 2020 - March 21, 2021) has been submitted to the parliament by Iranian President Hassan Rouhani.
Iran’s Cabinet of Ministers approved the budget for next year on Dec. 4. The next year’s budget will be approved by the Iranian parliament after consideration.