Iranian MP denies paying New Year’s gift to 73 million people

Azerbaijan, Baku, Feb.12 / Trend F.Mehdi/

Iranian MP Ezzatollah Yousefian-Mola has denied news about paying cash assistances to 73 million Iranians on the verge of the new Iranian calendar year, saying that the payment will just be allocated to the poor strata of society, ILNA reported.

To date the exact number of families eligible to receive the cash payment has not been specified, he said adding that parliament has approved paying cash assistance to low-income and poor families.

Based on this decision, 700,000 rials (about $57) will be paid to each member of low-income families and 900,000 rials (about $73) to each family member under the auspices of welfare organisations.

Accordingly, some $2.7 billion will be drawn out of the National Development Fund in this regard. The money will be deposited into bank accounts of the families' breadwinners on February 19.

On January 14, MP Abdolkarim Hashemi told the Fars News Agency that the Iranian administration is facing problems in providing money for paying cash subsidies to the public.

In such a situation the second phase of the subsidy reform plan could not be implemented, he added.

"For the time being, the government is providing the necessary money out of sources other than freeing up prices based on the subsidy reform plan," he noted.

On December 25, 2012, the Fars News Agency quoted the chairman of the Iranian parliament (Majlis) planning and budget committee Esmaeel Jalili as saying that implementing the second phase of the subsidy reform plan in Iran would significantly raise fuel prices.

The issue will contribute to more unemployment, economic recession and liquidity accumulation, he added.

The administration's revenues from freeing up prices according to the plan were less than the cash payments, he noted.

The subsidy reform plan pays out $37 to Iranians while eliminating subsidies for fuels and some commodities.

Nearly 74.5 million Iranians receive cash subsidies. To date the government has paid around 746 trillion rials (about $61 billion) as cash subsidies within the past 22 months, equalling 15 per cent of the national budget for the current Iranian fiscal year.

When the plan started in December 2010, it was expected to cause about $32 billion in liquidity. However the greater demand for cash subsidies and the government's money borrowed from the Central Bank to pay for the subsidies led to a $45 billion liquidity.

The government implemented the first stage of its targeted subsidies plan towards the end of 2010 in an attempt to wean the country off food and fuel subsidies. At the same time, Ahmadinejad called it the "biggest economic plan of the past 50 years".

It allows the 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 hand-outs.

Turkmenistan to help Afghanistan complete railway to Tajikistan border
Turkmenistan to help Afghanistan complete railway to Tajikistan border
Kazakhstan raises chemicals import from Turkey
Kazakhstan raises chemicals import from Turkey
Italy's goods export to Kazakhstan down twofold
Italy's goods export to Kazakhstan down twofold
Loading Bars
Latest
3 policemen, 4 prisoners dead in foiled jailbreak attempt in Egypt
Saudi king stresses continuous efforts to promote global COVID-19 response
Egyptian FM heads to Jordan for quartet Arab-EU meeting on Palestinian cause
Belgium to relax face mask rules
Finland, Norway and Sweden announce wider military cooperation
Singapore to permit more people back to workplace in easing COVID-19 control measures
Money transfers from Azerbaijan to Russia down in 2Q2020
Vaezi: Legal proceedings underway to receive South Korea's debts
Turkmenistan to help Afghanistan complete railway to Tajikistan border
Exports of knitwear from Georgia to Turkey down
Kazakhstan raises chemicals import from Turkey
Mali risks 'economic paralysis' from post-coup embargo: trade group
New residents in Azerbaijan’s Balakhani Industrial Park
Georgia slightly ups import of grain, legumes from Turkey
Iran, Russia seeking to expand scientific cooperation
Italy's goods export to Kazakhstan down twofold
Anglo Asian Mining increases payments to shareholders
Uzbekistan slightly reduces imports of leather goods from Turkey
Chairman of State Duma of Federal Assembly of Russia talks Azerbaijan’s territorial integrity (PHOTO)
Get rewarded with Azercell!
Chairman of Public Organization of Udi people thanks Azerbaijan
Agricultural production up in Azerbaijan’s Nakhchivan
Iran's plan to develop paddy fields fails, farmers demand compensation
Iranian trucks carrying tomatoes stuck at Pakistani border
Saudi Arabia explores wind potential in Uzbekistan
Azerbaijan to purchase COVID-19 vaccine
Iran to develop power cooperation with Afghanistan
Iranian Energy Exchange announces products to be on sale September 26
IranAir to resume flights to Germany after several months
Volume of cargo movement through Azerbaijani ports increases
Iran discloses volume of wheat purchased in Ardabil Province
Energy Community: 2020 - remarkable year in terms of Georgia's ability to continue on its reform path
Iran to announce decisive decisions on combating COVID-19
Kazakhstan taking measures to increase railway border stations capacities
Tesla expects approval for battery cells plant in Berlin
UK Brexit border delays 'likely to worsen' in January
Georgia sees decrease in car re-exports
Import of Turkish clothes by Iran plunges
Iran’s Bahar Azadi gold coin price continues to rise
Parliament speaker: Azerbaijani people to never allow creation of second Armenian state on their territory (PHOTO)
Azerbaijan confirms 173 more COVID-19 recoveries
Oil accounts for major part of exports from Azerbaijan to Croatia, says ministry
Volume of gas consumption in Iran revealed
Austrian OMV oil company to start gas exploration in Georgia
EAEU countries increase export of dairy products to Turkmenistan
Kazakhstan’s Oil Construction Company to buy pipes via tender
All activities for Ionian Adriatic Pipeline postponed: Croatian Ministry
Turkey's clothes export to Uzbekistan slumps
Russia eyes to build nuclear power plant in Uzbekistan
Vladimir Putin: Increase of excess income tax rates is justified step
Extraction plan for Iran's South Pars gas field determined
Azerbaijan, ADB discuss prospects for expanding cooperation (PHOTO)
Iran to begin studies related to Sanandaj-Bashmakh route
Kazakhstan Railways opens tender to buy electric generators
Review of dairy products exported by Georgia to Azerbaijan
Israel's Mobileye, Dubai's Habtoor partner on self-driving cars
Georgia exports first batch of honey to Azerbaijan
Azerbaijan developing vaccination strategy against coronavirus
Auction on placement of Azerbaijani Central Bank's short-term notes held
ADB talks opportunities for financing of projects in Azerbaijan
Kazakhstan's crude oil exports to Netherlands surge in 1H2020
Turkmen company plans to cover domestic demand for viscose thread
Volume of lending in Azerbaijan’s Nakhchivan Autonomous Republic increases
Volume of maritime cargo transshipment from S.Korea via Turkey detailed
Ukrainian International Airlines FlyUIA announces flights to Georgia
Kazakhstan's passenger cars export value to Azerbaijan revealed
Turkmen company for polypropylene production thread revealed export volumes
Turkish BOTAS discloses volume of oil shipment from Ceyhan terminal
Iran declares volume of areas put into operation in agricultural parks
Revenues of Azerbaijani Nakhchivan's mobile communication operators up
Speaker of Azerbaijani Parliament: Armenian PM's statements undermine international efforts for peaceful settlement of Karabakh conflict
Georgia's import of tubes, pipes, hollow profiles from Turkey up
Turkmenistan’s Turkmennebit exceeds volume of oil production
Non-cash payments getting increasingly popular in Azerbaijan
Kazakhstan’s QAZAQ AIR resuming flights on more domestic routes
Foreign trade turnover of Azerbaijan's Nakhchivan grows
Iran imports flu vaccine as possible medicine against COVID-19
Paris Eiffel tower evacuated
World GDP spent on energy to be halved by 2050
RAEX: Structural reforms in public sector of Uzbekistan’s economy to support the economic development
AZAL launches special flights to Ankara and Antalya
Turkey remains main importer of flours, meals, pellets from Georgia
Ways for decarbonizing operations of oil & gas companies
China's import of ready-made clothing from Turkey spikes
Geostat reveals volume of ferroalloys exported by Georgia to Turkey
Construction of Ashgabat-Turkmenabat highway continues
Asian Development Bank expanding support program in Azerbaijan
Oil & gas industry to become world’s carbon waste disposal agent
Number of people infected with coronavirus (COVID-19) in Iran exceeds 430,000
Georgians traveling to Estonia to be obliged to go through 14-day self-isolation
Value of exports from Iran’s Kohgiluyeh and Boyer-Ahmad Province climbs
GDP data of Azerbaijan's Nakhchivan revealed
Georgia reveals volume of fish exported to Azerbaijan
Azerbaijan's State Service on Property Issues to put up several enterprises for auction
Iran reveals details of exports from Yazd Province
Georgia reduces import of medicaments from Turkey
Iran threatens to exit from NPT and JCPOA
Precious metal prices in Azerbaijan down
Iran's Shazand Oil Refining Company opens tender to buy equipment
Mayor of Israeli city: Azerbaijan no doubt very tolerant country
All news