No Signal of Decline in Iran's Oil Income: Finance Minister

The Minister of Economic Affairs and Finance said he has not received any signal of a decline in oil sales, and that these revenues are part of the country's budgetary income.

Ali Madanizadeh told reporters on Wednesday on the sidelines of a cabinet meeting that the budget being prepared for next year aims to reduce unnecessary government expenditures. He stated that the percentage of the budget increase is based on the performance of government agencies to increase their productivity. He added that reliable resources are being factored into the budget, rather than relying on bonds or unreliable sources that would cause an actual budget deficit.

He said a significant portion of next year's budget resources will naturally be based on taxes, and oil sales are also considered for capital goods.

Regarding a potential decrease in oil revenues, the Minister of Economic Affairs and Finance emphasized that no signal of reduced oil revenues has been received, and according to procedure, oil revenues will be included in the budget bill.

Madanizadeh said that the increase in taxes in the upcoming budget will be lower than the inflation rate to avoid putting pressure on production units, given the current recessionary and inflationary conditions, and to keep it at this year's level. - Shana