Iran’s Budget Revised Higher At $453bn

Published on Tuesday, 22 May 09:33 am

Iran announced an upward revision of its annual budget, as a rise in oil prices appeared to mitigate the impact of international sanctions on its economy. Iran’s Guardian Council approved the budget for Iran’s calendar and fiscal year 2013 at Riyal 5,560,000bn ($453bn at the official rate) according to IRNA, reports AFP.

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