Economy, Business And Markets

NDFI Cap for Gov’t at $3.2b

NDFI Cap for  Gov’t at $3.2bNDFI Cap for  Gov’t at $3.2b

As part of their latest open session on Sunday to discuss the fiscal 2018-19 budget bill, members of parliament designated the areas where resources from the National Development Fund of Iran are allowed to be spent by the government.
From the total of 229 MPs present in the session, 188 voted in favor of this measure. 
The administration of President Hassan Rouhani will henceforth be allowed to tap into a total of 143.75 trillion rials ($3.2 billion) of NDFI resources and redirect them to the Treasury during the next fiscal year that begins on March 20, ICANA, the official news portal of the parliament, reported.
The Guardians Council, the body vetting the bills for Sharia and constitutional compliance, has verified that the NDFI funds could be allocated to eight entities to further the goals of the Sixth Five-Year Development Plan (2017-22).


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