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...