Iran Hikes Nominal Spending, Oil Price In New Budget
In its budget for the Iranian year 1392 starting on 20 March 2013 Iran projects total expenditure increasing in nominal terms by 29% to IR7,305 trillion from IR5,660 trillion the previous year, it announced on 27 February. But comparison of this year’s budget figures with last year’s is not a simple exercise with high inflation, the collapse of the Iranian currency and the discrepancy between...
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