VOL. XXXII

NO. 25

27-MARCH-1989

Financial and Banking News

BUDGETS AND REVENUES

Iranian Budget Allows Foreign Loans

The Iranian Majlis (parliament) last week approved the country's budget forthe 1368 calendar year, which began on 21 March. The budget envisages totalspending by the government and its parastatal agencies of IR9,782.7bn,equivalent to $140bn at the official rate of exchange. No further details of thebudget were released at the time, but earlier drafts of the budget bill showed...