Majlis Raises NDFI Share in Energy Export Income

The Majlis on Sunday approved provisions of the next fiscal budget bill that require the government to set aside a bigger share of energy export revenue for the National Development Fund of Iran, the sovereign wealth fund. 
As per the decision, NDFI share from the export of crude oil and natural gas is 40% in fiscal 2022-23, according to the parliamentary news website ICANA.  
In the initial draft budget, the government had proposed to deposit 20% of the revenue from such exports.