VOL. XLI

No. 49

7-December-1998

IRAN

Irans Khatami Presents Austerity Draft Budget To Parliament

President Mohammad Khatami of Iran on 29 November presented to theIranian parliament (Majlis) a draft balanced budget of IR274,936bn ($91.6bn at the rate of$1=IR3,000) for the Iranian year 1378, which starts on 21 March 1999. The new budget,which is the last in the second five-year development plan, is 19.8% higher than the 1377budget. In his presentation Mr. Khatami stressed that the government has...