To: energyplay who wrote (16301 ) 4/2/2007 4:38:52 AM From: elmatador Respond to of 218620 Guardians Council approves Iranian budget, economists and opposition figures express concern because the government of President Mahmoud Ahmadinejad is following expansionary policies, while inflation has risen by now more than 17 per cent, compared with the previous year. Guardians Council approves Iranian budget, gasoline increase From our ANI Correspondent Nicosia, Mar 28: The Guardians Council has approved the budget for the new Iranian year, which started on March 21. It envisages expenditure amounting to 250 billion dollars, representing an increase of 21 per cent over the previous year. Iranian economists and opposition figures express concern because the government of President Mahmoud Ahmadinejad is following expansionary policies, while inflation has risen by now more than 17 per cent, compared with the previous year. According to Economy Minister Davoud Danesh-Jafari, oil revenues during the current year are expected to rise to 50 billion dollars, based on an oil price of 33.7 dollars a barrel, while the economy is projected to grow by 5.8 per cent. Earlier this week, the Guardians Council, which oversees the Majlis (Iranian Parliament), approved the decision taken by it to introduce the rationing of gasoline and the raising of motor fuel prices. The rationing of gasoline will take effect in May, when an adequate number of petrol stations will be fitted with the machines to accept the smart cards that will be issued to drivers. The government felt compelled to do something about the consumption of gasoline, which increases by 10 per cent a year. The rationing is expected to reduce daily gasoline consumption from the level of 72 million litres a day to 60 million litres. At the same time, the Majlis raised gasoline price from 9 cents a litre to 11 cents a litre and allocated 2.5 billion dollars for gasoline imports.