Iran Raises Its Budget Oil Price To $85/B For 2012-13

Published on Monday, 06 Feb 07:00 am

Iranian President Mahmoud Ahmadinejad on 1 February presented to the Majlis (parliament) the draft budget for the Iranian year 1391 (starting on 20 March 2012) with total expenditure of IR5,100 trillion, including IR4,000 trillion for the budget for state-owned banks and enterprises.
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