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Iran's parliament approves 298-bln-USD budget
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09:35, March 09, 2009

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Iran's Majlis (parliament) Sunday approved a 298-billion-U.S.-dollar budget for the country's next year, the satellite Press TV website reported.

The general outlines of the budget was approved with 148 votes in favor, 56 against and 14 abstained, Press TV said.

The budget was proposed by President Mahmoud Ahmadinejad in late January for the next Iranian year starting on March 21.

Ahmadinejad's controversial economic reform plan, which amounts to 20 billion dollars and accounts for the cut of state subsidies for fuel, natural gas and electricity, is included in the budget.

The government instead wants to distribute cash among low-income families to compensate for the price hike caused by the plan.

The lawmakers will discuss the details of the budget in Majlis' subcommittees, including projected revenue and expenditure, to make it ready for the final pass in the near future.


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