Middle East Economic Survey

VOL. LII

No 12

23-Mar-2009

IRAN

Green Light From Majlis And Council Of Guardians For 2009-10 Iranian Budget

The Iranian parliament (Majlis) on 12 March approved the budget for the year starting on 21 March with lower expenditure of IR2,791 trillion ($293.8bn) from the figure of IR2,980 trillion ($313.7bn) which was approved for the general outline of the budget on 8 March (MEES, 16 March). The reduction of some IR189bn ($19.9bn) followed the rejection by the Majlis of...