Iran central bank puts average urban family costs at $960
Azerbaijan, Baku, Apr. 14/ Trend F.Milad/
Every Iranian family living in urban areas expends around 11.8 million rials (some $960) per month on the average, the Iranian Central Bank said in a report.
Meanwhile, families earn some 11.4 million rials (around $930) per month on the average, Mehr news agency quoted the report as saying.
The average annual costs of urban families amounts to 141.6 million rials (some $11,900), the report added.
From February 2011 to February 2012, the government earned 510 trillion rials (some $41.6 billion) through implementing the Subsidy Reform Plan, Mehr news agency reported.
The second phase of the plan implementation has envisaged removing of subsidies of some three million Iranian families. The Iranian government plans to pay more cash subsidies to the economically vulnerable strata and cut subsidies of the well-off families.
The plan allows the Iranian government to gradually slash subsidies on fuel, electricity, and certain goods over the course of five years, with low-income families being compensated with direct cash handouts.