(MENAFN) The Iranian parliament agreed to boost the share of revenues from oil and gas exports by USD4.384 billion in the national budget for the Iranian year starting March 2015 through March 2016, Tehran Times reported.
The previously set oil and gas condensate revenue stood at USD15.492 billion in the next year's national budget bill previously set, the Fars News Agency reported.
The total oil revenue is planned to be deposited to the Central Bank of Iran (CBI) after reducing 14.5 percent share of the Oil Ministry, 20 percent share of the National Development Fund (NDF) and 2 percent share of the deprived regions.
Oil revenues was set to account for just 33 percent of the national budget bill that President presented to the parliament in December 2014, while it was 50 percent in the previous year.
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