Middle East Economic Survey

VOL. XLVIII

No 3

17-January-2005

IRAN

Irans 2005-06 Draft Budget Projects 30% Increase In Spending, Oil Revenue At $14Bn

Iranian President Mohammad Khatami on 9 January presented to the Majlis (parliament) the draft budget bill for the Iranian year 1384 (which starts on 21 March 2005), projecting a rise of 30% in total spending to IR1,546,000bn ($175bn) from the previous year. This will be the last budget to be presented by Mr Khatami, whose term will end in mid-2005,...