NO. 49


Financial and Banking News

Budgets & Revenues

Rafsanjani Gives Details of Falls in Iranian Deficit and Inflation

Iran's budget deficit during the first quarter of the Iranian year 1369(which began on 21 March 1990) was IR250bn ($3.7bn) and is expected to rise toIR750bn for the full year, according to Iranian President Hashemi Rafsanjani.This would represent a significant decline in the deficits recorded in recentyears. In a detailed account of Iran's...