The Iranian government’s spokesman, Mohammad Bagher Nobakht, said that the country’s current annual budget would not face a deficit due to the recent decline in oil priceshown, the official SHANA news agency is quoted by Trend as saying on November 6.
The administration is controlling its expenditure to handle the low oil prices,
Nobakht added, saying that Iran ’s crude oil exports stand at one million barrels a day, as well as 300,000 barrels of condensates.
Iran 's budget for the current fiscal year, ending March 21, 2015, was set at a $100 per barrel oil price Nobakht noted, adding that while the crude price in the first half of the year was above $104 per barrel, for the second half it is projected to amount to $82 per barrel.
