...

Iranians paid cash subsidy for 17th month

Iran Materials 8 July 2012 12:55 (UTC +04:00)

Azerbaijan, Baku, Jul.8/ Trend F.Milad/

Iranian administration has deposited cash subsidies into accounts of families for 17th month, which is related to the calendar month of Tir (began on June 21), the IRNA News Agency reported.

The money, which equals to 455,000 rials ($35) for each person, is available as of today.

Over 74 million Iranians are paid cash subsidies.

The first stage of the subsidy reform plan, which is mainly focused on cutting fuel subsidies, started in December 2010.

Minister of Economic Affairs and Finance Shamseddin Hosseini said in May that the second phase of the Targeted Subsidy Reform Plan would be implemented in due course and that the Government had not decided on any specific time in this regard yet.

Tags:
Latest

Latest