NO. 12/13


Financial and Banking News

Budgets & Revenues

Iran's 1991 Budget Forecasts Oil Revenues of $62Bn, Total Spending of$128Bn

Iran's budget for the year 1370 (21 March 1991-20 March 1992) calls for totalspending of around IR8,191bn ($128bn) and total revenues of IR7,088 ($111bn),according to figures reported in the Iranian media following President HashemiRafsanjani's presentation of the draft budget to the Majlis on 9 December (MEES,17 December). Oil and...