VOL. XXXVII
NO. 24
14-MARCH-1994
Financial and Banking News
Budgets & Revenues
Cosmetic Growth In Iranian Budget Masks Real Problems
The Iranian budget for the year beginning 21 March 1994, which was passed bythe Majlis (Parliament) on 9 March, projects general spending of IR30,500bn($17.4bn), a 20% increase over the previous year. However, the increase ispredicated on the recent depreciation of the exchange rate and on therecalculation of foreign exchange used by some state-owned organizations...
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