Iran’s parliament has announced amendments to the 2019-20 budget draft law aimed at boosting non-oil revenue. Parliament has instructed the government to remove high earners from receiving monthly cash handouts aimed at mitigating the impact of inflation on the poor. Energy and basic foodstuffs are subsidized, and with inflation above 40%, subsidies are crippling the economy. The head of the Plan and Budget Organization Mohammad Baqer Nobakht estimates that energy subsidies cost Iran...
Iran Parliament Curbs Handouts
Published on Fri, 01 Mar 2019 - Volume: 62 Issue: 09Print
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