24 December 2014 - 12:39
  • News Code: 231413
Iran Has Options to Finance Deficit

TEHRAN Dec 24 (Shana)--Iran has options to finance budget deficit resulting from a sharp drop in oil prices, the head of Petrochemical Subcommittee of the Iranian parliament has said.

“Iran can finance budget deficit stemming from oil price slide from other ways. Therefore, we are unlikely to face any serious problems,” Moayed Sadr Hosseini said.

He said that oil prices are unlikely to increase, blaming Saudi Arabia for having designed a scenario to keep the prices low.

The MP said that investments need to be made in infrastructure and development projects for more profitability.

He also said that no new projects should be envisaged before incomplete projects become operational.

News Code 231413

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