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Iranian MPs approve $279bln budget plan

Posted on 16 March 2009

From Tradearabia.com: Iran’s legislators have adopted a $279 billion budget for the coming year, after slashing $19 billion in revenues that would have been raised from a hike in energy prices that was ultimately rejected, said a news report.

‘After five days of (lengthy) debate on projected revenue and expenditure for the next year, the $279 billion was passed,’ the Fars news agency reported, adding that the budget must now be approved by the Guardians Council….. Full Article: Source

 
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