NO. 19


Financial and Banking News

Budgets & Revenues

Iranian Parliament Budgets Oil Revenues At $10.15Bn As Debt Problems Loom

The Iranian budget for the year 1373 (the year to 20 March 1995) will bebased on oil export revenues of $10.15bn, compared to expected revenues ofaround $14bn in the present year. (All Iranian years run to 20 March). Budgetedrevenues for the present year were $17bn. The government had proposed a higheroil export revenue figure - variously...