IRAN

Iran Eyes Balanced Budget Despite Gloomy Outlook

Iran plans a 2015-16 budget “without any deficit,” despite the precipitous fall in oil revenue, Iranian President Hassan Rohani said this week.

The general budget for the year beginning 21 March 2015 (covering current and development expenditure), is provisionally projected at IR2,190 trillion ($82.6bn at official budget exchange rate of $1=IR26,500), compared to IR1,950 trillion in the current year (MEES, 13 December...