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27-DEC-93/3 JAN 94

Financial and Banking News

Budgets & Revenues

Rafsanjani Says Iran Can Continue With Development Plans Regardless Of OilPrices

President Rafsanjani of Iran on 21 December presented to the Majlis(parliament) the new five-year plan which is scheduled to start on 21 March1994. The new plan sets total government expenditure at IR238.5 trillion ($136bnat the current official rate of $1=IR1,750) of which 51%, or $69bn, will befinanced from oil revenue, 23%...