3915
Oil Prices  No Threat  to Economy
Economy, Domestic Economy

Oil Prices No Threat to Economy

The Iranian economy will not face a budget deficit despite the steady decline in global oil prices, Ali Tayebnia, the minister of economic affairs and finance said. “We expect no budget deficit stemming from the oil price slump… if oil prices keep falling, the government will definitely make plans to head off a budget deficit problem in the next Iranian calendar year (starting March 21, 2015),” Tayebnia asserted. An increase in oil production from North American shale deposits means market dynamics are skewed toward the supply side, pushing oil prices to historic lows. According to Tayebnia, the National Development Fund of Iran is structured in such a way as to be protected from oil price fluctuations and, thus, can be a source of stability for the Iranian economy.

 

Short URL : http://goo.gl/YEuIa3

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indigenous E-Mail Service Remains an Outsider
Three years and extensive publicity later the costly ‘National...
Roads and Urban Development Minister Abbas Akhoundi has...
51.5% Rise in University Graduates
The findings of the most recent National Population and...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
‘Payment by Vein’ Trialed in UK Supermarket
A supermarket in London is trialing a biometric payment system...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...

Trending

Googleplus