VOL. XXXVII
NO. 40
4-JULY-1994
Financial and Banking News
Budgets & Revenues
No Progress On Iran's Economic Reforms
While the recent improvement in oil prices will give the Iranian Governmentan unexpected boost in oil revenues in the current fiscal year which started on21 March, President Hashemi Rafsanjani's program to reform the economy andwithdraw subsidies is expected to encounter further resistance from politicalcircles. The government, unable to deliver a better livelihood for its...
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