25 Oct, 23

Iran’s Oil Revenue Woes Deepen Amid Export Discrepancies

UncategorizedNo Comments

The head of Iran’s Budget and Planning Organization says the government achieved only “around” 70 percent of its projected revenues for the first seven months of the current Persian calendar year, a rare admission of a significant state budget deficit. David Manzor told a press conference on October 24 that the government also failed to meet its target of exporting 1.5 million barrels of oil daily, helping create the budget shortfall.Addressing the reasons behind the shortfall, he refuted senior government officials’ claims that Iran’s daily oil…

Leave a Reply

Your email address will not be published. Required fields are marked *

This field is required.

This field is required.