Iranian MPs OK withdrawal from NDFI to cover expenses
Baku, Azerbaijan, March 7
By Farhad Daneshvar – Trend:
The parliamentarians in the Islamic Republic have authorized the government to withdraw $2.3 billion from National Development Fund of Iran (NDFI) to cover its expenses over the coming fiscal year (starting March 20).
According to the country’s budget bill for the upcoming year, the government is eligible to allocate $600 million to projects on developing pressurized irrigation systems and supplying water to rural areas, IRNA news agency reported.
In the meantime, the government has been authorized to withdraw $200 million from National Development Fund to help the innovation and flourishing fund of the country.
The administration will also spend about $100 million on dealing with the issue of dust storms and poor weather in the country’s western areas in particular the southwestern province of Khuzestan.
The parliament’s approval has also envisaged withdrawing $1.3 billion from the NDFI for developing the country’s defense sector.
Meanwhile, Iran’s public broadcaster will receive $100 million from the National Development Fund over the next year.
Iranian President Hassan Rouhani last December presented the government’s proposed budget bill for the next year to parliament.
The budget for the year starting on March 20 has been set at $96.9 billion (320 trillion rials).