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MPs Ratify Budget Financial Measures

MPs Ratify Budget Financial Measures MPs Ratify Budget Financial Measures

Members of Iran’s Parliament ratified a number of financial measures relating to bonds, finance and loans among other things during their latest open session on Tuesday to discuss the fiscal 2018-19 budget. Some of the measures were tweaked to comply with Islamic and constitutional precepts vetted by the Guardians Council.
Lawmakers had previously approved that the National Development Fund of Iran should get 32% of all revenues earned from the exports of crude oil, petroleum products, gas condensates and gas. On Tuesday, however, they eliminated petroleum products from the list, IRNA reported.
The lawmakers allowed the sovereign wealth fund to provide a 15% share for railroad projects that tap into foreign finance deals that have been clinched with a host of other nations.

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