IRAN

 

Iranian Parliament Gives Green Light For Second Stage Of Subsidy Reform Plan

The Iranian parliament (Majlis) on 15 May gave the go-ahead to the government to begin implementing the second phase of the subsidy reform plan. Earlier, on 13 May, the Majlis approved an increase in the government’s revenue resulting from savings related to subsidy cuts from about $44bn last year to $53.8bn in the budget for the current fiscal year, which started on 20...