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...