Jul 14, 2019, 2:24 AM
Journalist ID: 2013
News Code: 83394274
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Govt. approves plan to restructure budget under US sanctions

Tehran, July 14, IRNA- The Iranian government approved on Saturday the totalities of restructuring the fiscal budget to bring the revenues and economic policies in line with its “resistance economy” that is meant to work as cushion against the US economic pressures. 

The plan is comprised of four parts, that is, “sustainable revenue resources”, “effective expenditure”, “promoting stability, development and justice” as well as “fundamental modifications of budgetary system”. 

The plan was generally approved by the Supreme Council of Economic Coordination, a supervisory governmental body, presided by Iranian President Hassan Rouhani. 

The modifications are aimed at reducing the country’s dependence on petrodollars, promoting economic stability under the umbrella term “resistance economy”, ordered by Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei. 

The council will later study the priorities. Iran is pressing to reduce its dependence on oil sales, especially after the US reimposed sanctions on the country last year. 

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