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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