Middle East Economic Survey
Majlis Rejects Proposal For Targeted Subsidies In New Budget
The Iranian parliament (Majlis) on 8 March approved the general outline of the $298bn draft budget for the Iranian year 1388, starting on 20 March 2009, which was first unveiled on 27 January (MEES, 9 February). The deputies and Majlis commissions will now proceed to review details of the budget including projected revenue and expenditure. Under the draft budget the...