Baku, Azerbaijan, May 14

By Elnur Baghishov – Trend:

Iran's dependency on oil revenues has dropped to 30 percent, said Eshaq Jahangiri, Vice President of Iran, Trend reports referring to Fars News Agency.

According to Jahangiri, as a result of efforts undertaken over the past few years, budget dependence on oil revenues has dropped from 80-90 percent to 30 percent.

Jahangiri added that if governmental organizations manage their expenditures properly, more resources will be available within the budget for the country's development.