Iran Parliament Cut Budget 2.25% Before Approval, Donya Reports

Iran’s parliament yesterday approved this year’s government budget at 2.25 percent less than the spending plan submitted by President Mahmoud Ahmadinejad, Donya-e-Eqtesad reported, citing deputies.

The public budget for the Iranian calendar year starting March 21st was approved at 1,730 trillion rials ($165 billion) compared with 1,770 trillion rials proposed by Ahmadinejad in February, the Tehran-based newspaper said.