Financial and Banking News
BUDGETS AND REVENUES
Iran's Oil Revenues Fall Short Of Budget
Iran's oil revenues totaled $10.5bn in the first nine months of the lastfinancial year, $1.9bn under budget, according to a report published on 7 Aprilby the state Plan and Budget Organization. Iran budgeted for revenues of $16.5bnin the whole year, which ended on 20 March 1993. The shortfall bodes ill forIran's oil revenue target of $17bn for the present year, unless the present...