Al Jazeera: Iran prepares for zero-oil-revenue contingency scenario in next fiscal year's budget
According to Al Jazeera, Mohammad Ghasemi, an official at Iran's Plan and Budget Organization, stated that the government must prepare next year's budget contingency plan for a scenario where oil revenues could drop to zero. The report noted that the November 3 budget directive takes into account two scenarios: the continuation of sanctions and blockades, and the easing of restrictions. "Zero oil revenue" is a stress scenario, which does not mean that revenues have already dropped to zero, nor does it equate to zero oil production.
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