Middle East Economic Survey
VOL. LIII
No 52
27-Dec-2010
IRAN
Iranian Government Implements Subsidy Cuts
In an evening televised interview on 18 December President Mahmoud Ahmadinejad announced that his government, after more than a year of heated wrangling with the Majlis, had decided to implement the first stage of a five-year plan to phase out state subsidies that are costing the national budget approximately $100bn/year. In a bid to avoid long lines at gasoline stations while also...
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