Central bank: Income equality improved in Iran
Azerbaijan, Baku, May 01/ Trend F.Milad/
The ratio of the 10 per cent of the population with the highest income to the 10 per cent with the lowest income in Iran has declined to 13.1 which was the lowest figure since 1982, the Central Bank said in a report.
The Mehr News Agency quoted the report as saying that the Gini coefficient which measures the inequality among values of a frequency distribution (for example levels of income), fell to 0.3813 in 2010 from 0.4023 in 2005. A Gini coefficient of zero expresses perfect equality where all values are the same.
Every Iranian family living in urban areas expends around 11.8 million rials (some $960) per month on the average, the Central Bank of Iran said in a report on April 14.
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.
Between February 2011 and February 2012, the government earned 510 trillion rials (some $41.6 billion) through implementing the Subsidy Reform Plan.
The second phase of implementing the plan has envisaged removing subsidies of some three million Iranian families. The Iranian government is planning 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 hand-outs.