Middle East Economic Survey

VOL. XLIX

No 13

27-March-2006

IRAN

Guardian Council Approves Iranian Budget

Following the approval by the parliament (Majlis) on 14 March of the Iranian draft budget law for 1385 (year to 20 March 2007), the Guardian Council (GC) has given it the green light after requesting the Majlis to address 15 issues of concern and to clarify five areas of ambiguity raised by the GC. Iran will have a balanced budget of IR 1,915,000bn ($209.3bn at $1=IR9,150) in 1385, which is...