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...
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