Middle East Economic Survey

VOL. LIII

No 11

15-March-2010

IRAN

Iranian Parliament Approves Outlines Of 2010-11 Budget

The Iranian parliament on 8 March approved the general outlines of the budget for the Iranian fiscal year 1389, which starts on 21 March, with 151 lawmakers voting for the budget, 62 against, and 12 abstaining. But the deputies in parliament also decided to reduce by 5.7% the total budget expenditure to IR3,470 trillion ($347bn) from the original figure of IR3,680 trillion...