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Iran Weighs No-Oil Budget
The Iranian government is considering scenarios for the 1406 budget year (2027–2028), including the possibility of no oil revenues because of war, sanctions and a blockade. This does not mean that current revenues have fallen to zero or that the budget has been approved. Mohammad Qasemi, deputy head of the Planning and Budget Organization, said the priorities would be public-sector salaries, pension payments and debt repayment, while avoiding direct borrowing from the central bank. Financing alternatives include oil deposit certificates, customs revenues and taxes, alongside plans to expand electronic assistance for low-income groups and control spending.
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