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News number: 8711081957

19:28 | 2009-01-27

Economy

نسخه چاپي ارسال به دوستان

Ahmadinejad Presents Less Oil-Dependent Budget Bill to Parliament

TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad said Tuesday that his administration has sought to decrease the country's dependence on oil revenues when drafting the next year budget.



"The bill has been drafted on the basis of lesser dependence on oil revenues as well as development of infrastructures and operations. The government's spending will be restricted," Ahmadinejad said while submitting the 89-billion-dollar national budget to the parliament.

The budget is based on a global oil price of 37.5 dollars a barrel, sharply lower than the record highs of about $147 in July.

"We should not expect increase in oil prices unless a particular development takes place outside," the Iranian president said, referring to world's economic recession.

"Considering today's global economy, we sought to plan a budget with less government dependence on oil resources and if there is a rise in energy prices next year, the extra income from oil sales will be invested in infrastructure and construction projects," Ahmadinejad said in his budget proposal.

Ahmadinejad reiterated that his government has allocated more resources to the healthcare, environment and nature, water and agriculture sectors in the next year budget bill.