Ahmadinejad Seeks to Cut Iranian Budget by 5.6 Percent
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Iran’s President Mahmoud Ahmadinejad proposed cutting the government’s budget by 5.6 percent for the coming Iranian year while more than doubling military spending, state media reported.
Ahmadinejad presented a draft budget of 5,100 trillion rials ($450 billion) to parliament today for review, the state-run Mehr news agency reported. The plan for the Iranian fiscal year that begins March 20 includes the government or public budget as well as spending for state-owned companies of some 4,000 trillion rials, the official Islamic Republic News Agency said.