Iran budget law

EghtesadOnline: Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session on Saturday to decide on the articles of the fiscal 2018-19 budget law.

EghtesadOnline: Out of 340 trillion rials ($7.9 billion) allocated to capital expenditure in the budget law for last year (ended March 20, 2017), less than 100 trillion rials ($2.32 billion) or 29.4% were realized, the secretary of Iran Road Construction Association, Ali Azad told IRNA.

EghtesadOnline: As per the budget law for the current fiscal (March 2017-18), the government should provide Road Maintenance and Transportation Organization, affiliated with the Ministry of Roads and Urban Development, with 8 trillion rials ($186.04 million) in Islamic treasury bills by the end of the year, a deputy minister of roads and urban development said.

EghtesadOnline: Members of parliament in their latest open session on Saturday reviewed the details of the fiscal 2018-19 budget law and approved measures concerning finance, government resources and bonds, among other things.