VOL. XLVII

No 02

12-January-2004

BUDGETS AND REVENUES

IRAN

Irans 2004-05 Draft Budget Projects 10.5% Increase In Spending

Iranian President Mohammad Khatami on 23 December 2003 presented to the Majlis (parliament) the draft budget bill for the Iranian year 1383 (which starts on 20 March 2004) projecting a rise of 10.5% in total spending to IR1,069,532bn ($128.4bn) from IR968,261bn ($116.2bn) in 1382. Outlining the priorities of the budget bill, Mr Khatami said that it would stress privatization,...