Middle East Economic Survey

VOL. LII

No 6

9-Feb-2009

IRAN

Irans 2009-10 Budget Seeks To Reduce Dependence On Oil Revenue

Iranian President Mahmoud Ahmadinejad on 27 January presented to the Majlis (parliament) the draft budget for the Iranian year 1388 (starting on 21 March 2009), which projects a decrease in total expenditure of 2.5% to IR2,827 trillion ($297.6bn at the fixed accounting rate of $1=IR9,500 set for the budget) from IR2,900 trillion ($305.3bn). This small decrease, in the fourth...