Middle East Economic Survey
Iran Bases Its 2006-07 Draft Budget On $40/B Oil Price
Iranian President Mahmoud Ahmadinejad on 15 January presented to the Majlis (parliament) the draft budget bill for the Iranian year 1385 (which starts on 21 March 2006), projecting a 26.5% increase in total spending to IR 1,956,000bn ($218.5bn) from IR1,546,000bn ($172.7bn) the previous year (1384). This is the first budget to be presented by Mr Ahmadinejad since he took office in...
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