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Iran’s National Development Fund’s share of oil revenues reduced

To increase economic growth in Iran from 4 to 8 percent, the government needs more than $100 billion in foreign investment.

Oku.Az Fars.alarabia.net reports that Iranian President Masoud Pezeshkian said this in an interview on state television.

Pezeshkian stressed that the solution to the country’s economic problems will depend on foreign relations.

According to the proposal of Iranian President Masoud Pezeshkian, the share of oil revenues from the National Development Fund will be reduced by 20 percent this year, to 350 billion tumans. These funds will be used to pay off state debts.

Source

Jeffrey Roundtree
Jeffrey Roundtree
I am a professional article writer and a proud father of three daughters and five sons. My passion for the internet fuels my deep interest in publishing engaging articles that resonate with readers everywhere.
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