VOL. XLVI

No 17

28-April-2003

Text Box: Contents Include:   ENERGY (A)   IOCs Want Legal Iraq Authority, 2 $3Bn Oil Spare Parts Available Now, 3 US Sets Standards for Oil Sector, 5 OPEC Extraordinary Meeting, 6 OPEC 10 Output Up In March, 8 Iraqi Oil Industry Prospects, 9 US Legal Responsibility In Iraq, 10 OPEC Forecast On Supply/Demand, 13 NSCSA In Deal With ChevronTexaco, 17 Alepco Announces Bid Round, 18     FINANCE (B)   Iraq Plans Hinge On UN Role, 1 US Tries To Appropriate Iraq Funds, 3 Oman Budget Projects Deficit, 4 Islamic Banking Update, 7 Lebanon Cuts Rates, 9     POLITICS (C)   A Short Honeymoon, 1 Bush Calls For Sanctions Lifted, 2 Syria Under Attack, 2   Arab Press Review 4   OP ED & DOCUMENTS (D)   Alhajji and Williams On OECD Oil Dependence, 1  

IRAN

Irans Precarious Public Finance

By Jahangir Amuzegar

In the following article forMEES, Jahangir Amuzegar, a distinguished economist and former member of the IMF Executive Board, reviews Irans public finance policies.

The Islamic Republics comprehensive budget bill for fiscal 1382 (2003/4) finished its long and bumpy road to final passage and went into effect as of 21 March. The approved budget for both the government itself and several hundred state-owned...