Begin budgetingIran has begun the project of planning government spending. But can it get $40 for a barrel of its oil?
Iran's parliament approves $97 billion budget
Iran's official IRNA news agency is reporting that the country's parliament has approved a $97 billion budget for the current year.
The Tuesday report says that the new budget allows the government to set the price of oil at $40 a barrel and to export 2.25 million barrels per day.
Iran says it has increased its crude export to 2.1 million barrels per day, almost double the production levels before a nuclear deal with world powers…
The bill needs ratification by the Guardian Council, a constitutional watchdog, to become law.
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