Parliament's plan to increase subsides - costly for Iranian government

Business Materials 24 November 2020 17:57 (UTC +04:00)
Parliament's plan to increase subsides - costly for Iranian government

TEHRAN, Iran, Nov.24


The parliament's plan for increase monthly subsides would cost $11.9 billion and the upcoming budget should be supplied from the sale of government assets in exchange, said Iranian government spokesman Ali Rabie, Trend reports via IRNA.

"The government would pay the monthly subsides for the current Iranian year (started March 20,2020) with all its capacities and efforts, but the execution of the parliament's budget plan should be taken into account," he said.

"The government new support package would cover more people. We believe cooperation of all three powers could use all the possibilities in the current situation to help people," he said.

"The government will launch the new support package to help the low-income families that have suffered from the coronavirus," Rabie said.

"Households that previously were not qualified for monthly subsidy plan and do not have stable income, would receive 1 million rials (about $23) per months that would cover 30 million people," he said.

"The new support package would be paid to low income households before December 20 while 11 million households could obtain 10 million rial (about $238) loan that would be paid next week," he said.

"The government has also approved to forgive tax violations and tax debts by the end of current Iranian year (started March 20,2020)," he said.

"The deadline for tax declarations has also been extended from November 21 to February 18. The work permit for businesses is extended to January 20, due to lockdowns and closure of businesses," Rabie said.