VOL. XL

No. 49

8-December-1997

IRAN

Khatami Presents Draft Iranian Budget To Parliament

Total expenditure under the Iranian draft budget for the year 1377, which starts on 21March 1998, is projected at IR233,699bn ($133.5bn at the official exchange rate of$1=IR1,750), an increase of 23.8% over the previous year's figure of IR188,700 bn($107.8bn). Presenting his first budget bill since he assumed power in August to theIranian parliament (Majlis) on 30 November, President Mohammad Khatami said...