IRAN
 
Iran’s Subsidy Reform: RIP
 
By Jahangir Amuzegar*
 
On 13 November 2012 the Islamic Republic’s Majlis (national assembly) voted to “suspend” the second phase of the Targeted Subsidies Reform Act of January 2010 – thereby halting further price increases in public utilities (food, fuel, water, electricity) and further rises in monthly welfare cash payments to households during the current Persian year (March 2012-March 2013). Thus a...