Financial and Banking News
Iranian Majlis Insists Food Subsidies Continue In Next Five Year Plan
The Iranian Majlis (Parliament) has voted to continue subsidies on basicfoods throughout the life of the forthcoming five-year plan, which will startin March 1995. The government had proposed eliminating them from the plan butthe Majlis insisted that they be retained. The cost of food subsidies, includingdistribution costs, is about $1.5bn a year,...