Iran Lowers Reliance on Oil Revenues in 2019-20 Annual Budget Bill

petrotahlil-The Plan and Budget Organization of Iran submitted the government's budget bill for the next fiscal (March 2019-20) to the parliament in time on Thursday (known as Budget Day).

The timely submission comes as Majlis is in recess until Dec. 16, so discussions on the nitty-gritty of the bill will have to wait till then.

Hamid Reza Pourmohammadi, the deputy head of Plan and Budget Organization, said the government has taken into account restrictions on utilizing its budgetary resources in drawing up the bill, given the US sanctions against Iran.