Iran: High time to end budget dependency on oil revenues

Financial Tribune – Delinking current expenditures from oil revenues must be given high priority, the head of Energy Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said.

“It is regrettable that the country has continued to repeat the same mistake for the last seven decades. Instead of squandering oil revenues on current expenditure, it should be invested in infrastructures,” Ali Shams Ardakani was quoted as saying by the Persian-language daily Arman.

According to the ICCIMA official, oil and gas are not a means of generating income, as these are national resources that belong to future generations.