Middle East Economic Survey
BUDGETS AND REVENUES
Iranian Parliament Allocates $900Mn For Farming Sector From OSF
The Iranian parliament on 23 November voted to require the government to allocate some $900mn to the farming sector from the Oil Stabilization Fund (OSF) the reserve fund set up in 2000 to accumulate surplus oil revenue. This allocation is mainly intended to compensate farmers who have been hit by drought over the past seven years and with a...