VOL. XLIV

No. 09

26-February-2001

IRAN

Irans Council Of Guardians Gives Green Light For 2001-02 Budget

Irans Council of Guardians (CG) on 17 February gave the final approval for the IR455,978bn ($57.7bn) state budget for 1380, which starts on 21 March, following mediation by the Expediency Council (EC) in the dispute between the reformist-dominated parliament (Majlis) and the conservative CG. The new budget was reportedly based on an oil price assumption of $20/B, rather than the $16/B suggested...