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Samples in periodicals archive:
The oil stabilization fund, net of public debt, reached 26 per cent of GDP.
Qassemi further said Iran is to tap the National Development Fund, formerly known as Oil Stabilization Fund, to finance oil and gas projects.
The prudent macroeconomic management of the last ten years also enabled large external reserves to be accumulated and sizable budgetary savings to be built up in the oil stabilization fund, while maintaining a very low level of debt.
He describes how Iran was forced to establish an Oil Stabilization Fund so that it "deposited its oil revenue above the budgeted amount to cover any future deficit due to a fall in petroleum prices" (p.
The creation of a new oil stabilization fund is another important measure, and will be funded from revenues gained from the new heavy oil pipeline (OCP), due to be completed in 2003.
As a net importer of oil, Chile is subject to price volatility, but has provided an oil stabilization fund for this risk.
Thus, further revenue-enhancing tax reforms and greater accumulation of resources in the oil stabilization funds are needed to strengthen medium-term fiscal sustainability and improve economic and social development in the longer term.
Previous governments had contributed to the Oil Stabilization Fund which was created in the year 2000 to support the national budget during oil price fluctuations.