Iran allocates $980 million to boost meat, milk and agricultural input production
Azerbaijan, Baku, Feb.25 / Trend F.Mehdi/
Some 12 trillion rials (about $980 million) has been allocated to boost meat, milk and agricultural input production, the Fars News Agency quoted the head of the association of Iranian animal farmers, Sirous Roosta, as saying.
The budget has been allocated from the National Development Fund, he noted.
On February 5, ISNA quoted Iranian deputy industry minister Masoud Movahedi as saying that Iran has approved 3 trillion rials (about $245 million) budget to support production units which have been damaged by the global economic sanctions imposed on the country.
One third of the approved budget has so far been allocated, he added.
Since the beginning of the current Iranian calendar year (March 20, 2012), 1.5 trillion rials (about $122 million) has been paid to industrial units.
The Iranian government and parliament have agreed to finance production sector projects using the revenues of the National Development Fund (NDF) and oil exports.
The NDF has allocated $3 billion worth of its assets to pay facilities in loans to the agriculture and industry sectors, the NDF's deputy manager said in September 2012.
Mohammad-Qasem Hosseini added that the sum will be turned into rials to finance domestic projects in industry, mine, water, and agriculture projects, the Fars News Agency reported.