Business And Markets

Iran Parliamentary Think Tank Warns About Sovereign Wealth Fund Future

MRC Disputes Budgetary Forecast for NDFI
MRC Disputes Budgetary Forecast for NDFI

Share of the National Development Fund of Iran from the export of oil and natural gas derivatives are estimated in next year’s budget bill (March 2019-20) at $6.7 billion.    
The figure takes into account the cut in the share of NDFI from oil export revenue which was reduced to 20%, down from 32% in the current fiscal budget (2018-19) and 14% lower than the amount forecast in the Sixth Five-Year Economic Development Plan for next fiscal. 
However, the Majlis Reach Center, the parliamentary research arm, says realizing the reduced amount (20%) of the sovereign-wealth fund’s earning is farfetched. It says the budget planners’ prediction is an “overestimation” which is unlikely to come true. 


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