VOL. XXXVII
NO. 18
31-JANUARY-1994
Financial and Banking News
Budget & Revenues
Iran Wrestles With Challenge Of Low Oil Revenues
The Iranian Majlis is still struggling to find a realistic projection for thecountry's oil revenues during the forthcoming financial year, which starts on 21March. The Economy and Finance Committee is now reported to be consideringestimates of $10.5bn and $9.3bn, compared to around $12.6bn foreseen in thedraft budget. Oil revenues in the present budget year were set...
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