Iranian lawmakers pass bill on foreign finance
Baku, Azerbaijan, April 10
By Khalid Kazimov - Trend:
Iranian Parliament members have passed a bill on receiving finance facilities from foreign countries.
Under the bill the country will be authorized to receive up to $50 billion in finance from foreign countries, ILNA news agency reported.
Reviewing the country's draft budget plan for the current fiscal year, the MPs passed the bill on the foreign finance during today's open session.
The Iranian parliament approved general outlines of the national budget bill for the current Iranian fiscal year April 10 and the MPs are currently discussing the details of the draft budget plan.
The budget plan has predicted an exchange rate of $1 to 29,970 Iranian rials.
The ceiling of the current year budget was 2.67 quadrillion rials once initially presented to the parliament by President Hassan Rouhani, however the parliament increased the figure to 2.92 quadrillion.
The budget has been prepared based on revenues from the exports of 2.25 million barrels of oil per day, meanwhile every barrel of oil is expected to be sold at $40.