Iran can afford oil price slide

TEHRAN Dec 06 (Shana)–The Iranian government has its own initiatives for dealing with the consequences of plunging oil prices, the chief of staff of President Hassan Rouhani said.
“If oil prices fall by 30%, this [Iranian] economy has managed to boost its oil sales by 30% through its initiatives and has found new customers,” Mohammad Nahavandian said.

He added that the government will rely on non-oil exports in order to manage its oil-dependent budget.

He said that the budget bill drafted for next fiscal year “will be a budget without deficit.”

“In terms of resistance and self-reliance, Iran’s economy has reached a stage where no external shock can threaten” it, said Nahavandian.

By SHANA

 

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