Country Listing

Iran Table of Contents


Monetary and Fiscal Policy

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