Budget passed


The Iranian parliament yesterday passed the budget for the year 1391 (2012). The total budget expenditure is 9% down on the previous year at $462 billion.

The parliament passed the measure by 123 in favour, 46 against and 14 abstentions. The budget still has to be approved by the Guardian Council before it becomes law.

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact