IRAN

 

Iran Slashes Budget; $100/B Crude, 1.1Mn b/d Exports

 

Iranian President Hassan Rohani’s new administration will focus on tackling the twin problems of soaring inflation and unemployment in the year starting 21 March 2014. Outlining details of the 2014-15 budget, the first of his four-year administration, Mr Rohani told parliament on 8 December that the draft budget for the Iranian year 1393 aims to curb recurrent spending and instead focus on capital investment....