Iran Monetary and Fiscal Policy
Sources: The Library of Congress Country Studies; CIA World Factbook
The Iranian fiscal year begins on March 21 and runs through March 20 of the following calendar year. The budget, presented to the Majlis by the Planning and Budget Organization, consists of three sections: ordinary, plan, and defense allocations. Because of conflict between the Revolution's stated opposition to the massive defense expenditures of the shah and the high cost of the war with Iraq that began less than one year after the Revolution, as of late 1987 there had been no fiscal year in which defense expenditures were not severely understated for domestic political reasons. As a result, attempting to set forth actual figures on the money supply, especially as a function of fiscal policy, was almost pointless.
Data as of December 1987
NOTE: The information regarding Iran on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Iran Monetary and Fiscal Policy information contained here. All suggestions for corrections of any errors about Iran Monetary and Fiscal Policy should be addressed to the Library of Congress and the CIA.