TEHRAN Nov 2 (Shana)--Iran's economy minister has said that the country would face no budgetary shortfall despite a sharp fall in the oil prices.
�We will face no budget deficit stemming from oil price slump,� Ali Tayyebnia said.
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�If oil prices keep falling, the government will definitely make plans to head off a budget deficit problem next [calendar] year,� he said.
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The minister said Iran will dip into the National Development Fund of Iran (NDFI) to make up for any possible shortcomings.
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He added that the fund was established to blunt the impact of oil price fluctuations. �
By SHANA

 

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