VOL. XXX

NO. 25

30-MARCH-1987

IRAN

Iran Budgets for $11.7bn Oil Revenue

The Iranian Majlis (Parliament) on 17 March approved a government budgetwhich is based on oil revenues of $11.74bn for the 1987-88 fiscal year beginningon 21 March. According to the Head of the Majlis Plan and Budget Committee,Hojjatolislam Abdollah Nouri, oil revenues have been based on oil exports of1-5mn b/d at a price of $16/B. Total revenues in 1987-88 are estimated at$50.3bn, up from $43-6bn in 1986-87, while current...