Official: Iran parliament removes $3.2 bln from job creation plan

Iran Materials 29 May 2012 17:14 (UTC +04:00)

Azerbaijan, Baku, May 29/Trend M. Moezzi

The Iranian parliament has removes more than $3.2 billion in job creation funding that had been earmarked in its budget.

The administration had allocated the job creation funding from tax revenues, Rahim Mombini, a deputy at President Ahmadinejad's Directorate for Planning and Strategic Supervision told Mehr news agency.

The Majlis assigned over $1.6 billion of those funds to publicly owned companies' unpaid dividend funds and added the remaining $1.6 billion to oil revenues.

The Majlis has returned over $2 billion to existing credit as the administration tries to reduce them, and allocated another $1.2 billion to the construction budget.