Middle East Economic Survey

VOL. LII

No 46

16-Nov-2009

IRAN

Iranian Parliament Yields To Government On Subsidies Issue

The Iranian parliament on 8 November voted to give the government control in the spending of funds saved from the gradual elimination of subsidies on food and energy, under President Mahmoud Ahmadinejads proposed reform bill to replace the existing system of subsidies for all with cash handouts to targeted sections of the population. Parliament, which made this concession...