$1b for Production, Employment

EghtesadOnline: A member of Majlis Plan and Budget Commission said the Leader Ayatollah Seyyed Ali Khamenei has consented to the allocation of $1 billion from the National Development Fund of Iran for boosting production and employment.

News ID: ۷۸۴۰۰۱

15 September 2018

Ali Kazemi also told the parliamentary news website ICANA that although any withdrawal from the country’s sovereign wealth fund has to be ratified by the Majlis, the Leader has to approve it. “It now rests with the government to make that proposal through a bill or send as an amendment of the 2018-19 budget,” Kazemi said.  Facing a youth unemployment rate of 25%, the government and the Majlis face a hard task of creating new jobs, especially in small towns and rural areas, according to Financial Tribune.