VOL. XXXIX

No. 19

5-February-1996

IRAN

Iranian Parliament Approves 1996-97 Budget

The Iranian parliament (Majlis) on 23 January approved the budget for the year 1375, which starts on 21 March 1996. The budget is nominally balanced at IR137,146bn ($78.4bn at the official exchange rate of $1=IR1,750), slightly less than the proposed figure of IR138,000bn ($78.9bn) in the draft budget which was presented to parliament on 26 November by President Hashemi Rafsanjani (MEES, 4 December...