Financial and Banking News
BUDGETS AND REVENUES
Majlis Committee Cuts back Draft Iranian Budget
The draft Iranian budget for 1993, which was presented to the Majlis byPresident Ali Akbar Hashemi Rafsanjani on 15 December, is too optimistic in itsrevenue forecasts, according to Mr. Hossein Hosseini Shahroodi, the head of theMajlis Finance Committee (for the draft budget see MEES, 28 December 1992/4January 1993). He said that the Finance Committee did not believe oil...