EghtesadOnline: The budget allocated to cash subsidy payments in the next fiscal year (starting March 21) has increased by 70 trillion rials ($1.55 billion) to reach 300 trillion rials ($6.66 billion) after lawmakers called for a revision of the budget bill, a member of the commission said.
EghtesadOnline: The Majlis Joint Commission has allowed the government to gradually remove 33 million people from the list of cash subsidy recipients in the next fiscal (March 2017-18).
EghtesadOnline: Minister of Cooperatives, Labor and Social Welfare Ali Rabiei says nearly 40 million people have been identified as eligible for the government’s Cash Subsidy Program.
EghtesadOnline: The controversial government scheme to pay cash handouts to nearly all Iranians is falling apart.
EghtesadOnline: The Iranian Parliament is determined to work in conjunction with the government to remove top three high-income deciles of Iranian households from the list of cash subsidy recipients in the budget law of the next fiscal year (March 2018-19), the head of Majlis Economic Commission said.
EghtesadOnline: Iranians have been receiving a monthly cash subsidy payment of 450,000 rials ($12.4) since December 2010, which so far amounted to 2.63 trillion rials (over $68.6 billion).
EghtesadOnline: A 500,000-rial ($13.3) rise in cash subsidy payments for each Iranian will result in a 6.4% increase in consumer price index the following year, pushing up the inflation rate from 11.2% to 17.6% by the end of the current Iranian year (March 20, 2018).