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Iran's 2019-20 Budget Less Reliant on Oil

Iran's 2019-20 Budget Less Reliant on Oil Iran's 2019-20 Budget Less Reliant on Oil

As per the 2019-20 fiscal budget bill, a barrel of crude is calculated at $54, Oil Minister Bijan Namdar Zanganeh told the ministry’s website Shana on Wednesday.
“The government is doing its best to curb its reliance on oil revenues. This is a long-term plan,” he said, underscoring the demand of academia and most economic analysts that dependence on oil export earnings is a luxury the nation can no more afford. 
Drawing an analogy between Iran and its neighboring states, the minister said, "Now Iran is a country in the region that is the least dependent on oil."

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