Prime Minister Mir-Hossein Mousavi presented the 1986–87 budget draft to the Majlis. Its projected $18.9 billion oil income shows the importance of export earnings to wartime finances.
MEES reported the Majlis approving a budget with projected oil revenue of $18.6 billion. The approved forecast differed from the figure in Mousavi’s December draft.
The Majlis approved the 1987–88 budget with projected oil revenue of $11.74 billion. The forecast assumed exports of 1.5 million barrels daily at $16 per barrel.
