Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

IRAN

Iranian Official Criticizes Misuse Of Revenue From OSF

The Deputy Oil Minister for International Affairs, Hadi Nejad-Hosseinian, has warned that the oil revenue reserves in the Oil Stabilization Fund (OSF) are being squandered. Instead of using the money to extend loans to the private and public sectors, the funds are being used to make up for budget deficits, he said, stressing that excessive use of oil revenues for the current and...