Depositing the second round of cash payments to people’s account starts in İran
Azerbaijan, Baku, Feb. 12 / Trend D. Khatinoglu/The Iranian Government started to deposit the second round of cash payments to people's bank account instead of cutting governmental subsidies for some commodities, Fars news Agency reported.
Iran deposits 80 dollar per capita once in two months.
Since December 2010 Iran has started phasing out energy subsidies and replacing them with cash payments to people.
The government planed to cut subsidies for diesel fuel, kerosene, natural gas and electricity. Subsidies as well will be reduced on wheat, rice, cooking oil, milk, sugar, postal services, air travel and rail tickets, according to the plan.
Iran aims to use 80 percent of the money saved to provide cash grants to its poorest citizens and to support energy- intensive industries. About 60 million Iranians have signed up to receive the cash, officials said.