Ahmadinejad Subsidy plan left $1.4B of debts for current Iranian gov't
Tehran, Iran, Dec.15
An Iranian official has indicated that Iran's former president Mahmoud Ahmadinejad's Subsidy Reform Plan left a $1.4 billion worth of debt for the current government.
"The government has to pay for the $1.4 billion budget deficit that was caused by the previous administration's subsidy plan. How can we raise subsides while we are facing this debt?", head of Plan and Budget Organization of Iran, Mohammad Bagher Nobakht said, Trend reported via ILNA.
Ahmadinejad himself has recently spoken about the subsidy plan, calling for the increase of monthly subsidies from $10 to $214.
"The Central Bank of Iran constantly demands that the current government pays its debts, and has filed a lawsuit in the Supreme Audit Court," he said.
As part of the Subsidy Reform Plan that was established in 2010, the Ahmadinejad's government paid 450,000 rials ($10) to each and every Iranian on a monthly basis.