NO. 33


Financial and Banking News

Budgets & Revenues

Iranian Minister Defends Spending Constraints

Iran's Minister of Finance and Economic Affairs, Mr Mohsen Nourbakhsh, hasbeen forced to defend the government's decision not to implement in full itsobligation, specified in a law passed by the Majlis, to provide concessionalloans for teachers. The Minister said that existing credit facilities wereinsufficient to provide the level of support envisaged by the Majlis. The...