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Iranian administration owes $43 billion to social security organization

Business Materials 24 April 2013 16:02 (UTC +04:00)

Azerbaijan, Baku, Apr.24/ Trend F.Karimov/.

The Iranian government owes 530 trillion rials (some $43 billion) to the social security organization, a social security expert told the Mehr News Agency.

Mohsen Izadkhah added that the debt stood at 290 trillion rials (some $27 billion) by March 2012.

He added that just 100 billion rials (about $8 million) of the debt has been settled so far.

Social Security Organization (SSO) is a social insurer organization in Iran which provides coverage of wage-earners and salaried workers as well as voluntary coverage of self-employed persons.

Iran's administrative court of justice dismissed the head of Iran's social security organization, Ahmadinejad's close ally Saeed Mortazavi from his position on Jan. 14.

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