Tuesday 10 February 2009

Iran faces 44 billion dollar deficit: research centre

TEHRAN, Feb 09, 2009 (AFP) - Iran faces a budget deficit of 44 billion dollars in the financial year starting in March, according to a parliamentary research centre report published in the press on Monday.

The research centre said the government's "expansionary budget bill" plans expenditure of 103 billion dollars against projected income of 59 billion dollars, according to the Sarmayeh newspaper.

And it warned that the budget bill could be in for a rough ride when parliament starts debating it on February 28.

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