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Iran signs executive regulation on sources and expenditures of targeted subsidies

Business Materials 4 June 2021 13:10 (UTC +04:00)
Iran signs executive regulation on sources and expenditures of targeted subsidies

TEHRAN, Iran, June. 4

Trend:

Iranian First Vice President signed the executive regulations of resources and expenditures of targeted subsidies.

The Cabinet of Ministers, at the joint proposal of the Ministry of Oil, the Planning and Budget Organization, and the Iranian targeted subsidy plan Organization, signed an executive Regulations on sources and expenditures for subsidies, Trend reports citing IRNA.

According to the above regulations, the Ministry of Cooperatives, Labor, and Social Welfare is obliged to provide a copy of all updated data and identity, economic and banking information available in the Iranian Welfare Database and provide a household economic database to the Targeted Subsidies Organization.

All executive bodies including Organization for Registration of Deeds and Properties, the State Registration Organization, the Iranian National Tax Administration, the Social Security Organization, the police force of the Islamic Republic of Iran, banks, the Ministry of Industry, Mines and Trade, state and military pension organizations and other pension funds are obliged to cooperate with the Iranian targeted subsidy plan organization in updating the mentioned bases.

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