VOL. XXXII

NO. 47

28-AUGUST-1989

Financial and Banking News

BUDGETS AND REVENUES

Iranian Economy Is 'Sick' According to Head of Majlis Budget Committee

The new head of the Budget and Planning Committee of the Iranian Majlis(parliament), Mr. Morteza Alviri, has been quoted by the local press as sayingthat "we are preoccupied with a sick, dependent and bankrupteconomy". Mr Al-viri amplified his blunt commentary by explaining thatfluctuations in the oil market, rapid urbanization and chronic budget...