Iran’s Parliament passed a revised version of the 2013/14 budget on Wednesday, after the Rouhani Government warned that its inheritance from Mahmoud Ahmadinejad was a massive deficit.

President Rouhani’s advisors said, soon after taking office in August, that the Ahmadinejad budget had large over-spends in many areas, was crippled by excessive subsidies, and had not faced the problem of declining revenues, especially from oil sales.

On Wednesday, senior economic advisor Mohammad Bagher Nobakht said,
‚ÄúThis reformation of the budget law demonstrates this situation” of high debts and an empty treasury.