Middle East Economic Survey

VOL. LIII

No 6

8-Feb-2010

Iran Unveils Expansionary 2010-11 Budget In Uncertain Economic Conditions

Iranian President Mahmoud Ahmadinejad on 24 January presented to the Majlis (parliament) the draft budget for the Iranian year 1389 (starting on 21 March 2010) which projects a 31.8% increase in expenditures to IR3,680 trillion ($368bn) from IR2,791 trillion ($279bn) in the previous year. Next years budget is expansionary with its significant increase in expenditure,...