Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
WEDNESDAY, 23 APR 2014
06:46 PM Beirut time
Weather    
Beirut
23 °C
Blom Index
BLOM
1,214.01down
Middle East
Follow this story Print RSS Feed ePaper share this
Iran to stop cash handouts to millions of citizens
Bloomberg
A+ A-

Iran will stop paying monthly cash handouts to citizens who don’t need the aid, Shargh reported Sunday, citing a member of parliament.

The change will be implemented in the new Iranian year starting March 21 and will appear in the budget draft that President Hassan Rouhani’s government plans to submit by Dec. 21, said Ali Mohammad Ahmadi, a member of the assembly’s planning and budgetary committee, according to the Tehran-based newspaper.

The decision to cut monthly handouts to several million Iranians will still fulfill the initial goal of the subsidy reform plan and better safeguard the nation’s resources, Shargh said. Rouhani, who started his term earlier this month, has pledged to revive an economy battered by international sanctions and marked by a weakened national currency and an inflation nearing 38 percent.

Iran started a five-year plan in 2010 under former President Mahmoud Ahmadinejad’s government, phasing out energy and food subsidies and replacing them with cash payments to make up for rising costs. While the plan aimed to target Iranians in need of aid, all those who enrolled became eligible and some 75 million people are receiving payments, Shargh said.

Iran’s population is 76.8 million according to the data on the website of Iran’s Statistics Center. The government makes monthly payment of 455,000 rials ($18) to each eligible Iranian.

 
A version of this article appeared in the print edition of The Daily Star on August 26, 2013, on page 5.
Home Middle East
 
     
 
Iran
Advertisement
Comments  

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus
Advertisement


Baabda 2014
Advertisement
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Multimedia
Images  
Pictures of the day
A selection of images from around the world- Wednesday, April 23, 2014
View all view all
Advertisement
Rami G. Khouri
Rami G. Khouri
Israel shows Zionism’s true colors
Michael Young
Michael Young
Why confuse gibberish with knowledge?
David Ignatius
David Ignatius
Echoes of 1914 characterize the Ukraine crisis
View all view all
Advertisement
cartoon
 
Click to View Articles
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2014 The Daily Star - All Rights Reserved - Designed and Developed By IDS