NO. 18


Financial and Banking News

Budgets & Revenues

Iranian Parliament Passes 1991 Budget, Expecting Oil Revenues of $20bn

The Iranian parliament has passed a IR20,080bn budget for the Iranian yearwhich begins on 21 March 1991, 63% higher than the budget for the present year.State-owned companies account for about 60% of total spending, leaving IR8,640bnfor other government expenditure. The deficit on the pure government budget isset at IR1,340bn, or 15.5%. President...