NO. 11


Financial and Banking News

Budgets & Revenues

Rafsanjani Forecasts Doubling of Budget Revenues Next Year

Iran's draft budget for the Iranian year 1370, which begins on 21 March 1991,projects revenues of $101bn, double the budgeted figure for the current year.The figure was quoted by President Hashemi Rafsanjani when he presented thedraft budget to the Iranian parliament on 9 December. Tehran radio reported Mr.Rafsanjani as saying that the deficit would be...