Iranian Parliament Approves Ordinary Budget As Prospects For Economic Reform Improve
The Iranian Parliament (Majlis) on 11 March approved the budget bill for 1379 (which began on 20 March 2000) with total expenditure and revenue set at IR360,668bn, an increase of 30.6% over the previous year. (This figure is equivalent to $44.5bn at the non-oil export rate [market rate] of around $1=IR8,100 and to $206.1bn at the oil notional rate [official rate] of...
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