26 May 2024 - 13:16
  • News ID: 642250
Oil Revenues Rise By $15b Annually

SHANA (Tehran) - During the 13th administration under the leadership of Ayatollah Raisi, Iran’s oil revenues rose about 15 billion dollars annually when compare with last years of the previous administration in office.

Head of Planning and Budget Organization (PBO), Davood Manzour, made the remarks in a televised program on Saturday, adding not only the country experienced higher oil revenues during the Raisi administration but its economic growth went up considerably as well, so that it stood at 5.5, 5 and about 6 percent respectively over the past three Iranian calendar years of 1400, 1401 and 1402. Iranian calendar year of 1402 ended on 20 march 2024.

Elsewhere in his remarks, he said that during the first three years of 13th administration, we tried not to transfer the government’s deficit to the banking system which helped us to achieve a kind of discipline in view monetary policies.

“Turning to a disciplinary budget was an introduction to realize disciplinary monetary policies”, he said, adding one of the most important approaches during the period was enabling the 13th administration to provide its financial needs by relying on reliable and stable sources.

Iranian president Ibrahim Raisi lost his life in the tragic accident of crashing his chopper while returning from opening ceremony of a dam on Aras River in northwest province of East Azerbaijan on 19 May. All the onboard passengers, including the minister of foreign affairs Hossain Amirabdollahian, were killed in the crash.

News ID 642250


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