Leader orders 20pc of oil export income to go to National Fund: Speaker

IRNA – Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered 20 percent of oil exports’ revenues to go to the National Development Fund of Iran, Majlis (Parliament) speaker announced here on Sunday.

Ali Larijani made the announcement in response to a question put forward by a number of lawmakers at the parliament’s open session this morning.

The lawmakers are holding a session on Sunday to review the details of the budget bill for the next Iranian calendar year that will start on March 21, 2019.

Based on the Fund policies endorsed by the Supreme Leader, three percent should annually be added to the Fund’s share of oil export income, Larijani said adding that the Leader regarding the current situation in the country has ordered to increase it to 20 percent for the coming year.