EghtesadOnline: The Majlis Joint Commission has set the ceiling for revenues from the Subsidy Reform Plan at 370 trillion rials ($8.6 billion) for the next fiscal year (March 2018-19), out of which 230 trillion rials ($5.34 billion) will be paid to Iranian households in the form of cash or non-cash subsidies, the spokesman of the commission said.
EghtesadOnline: Iran ranks first among countries in the Near East and North Africa region when it comes to fuel and food non-targeted subsidies as a percentage of GDP, according to a new FAO report published on Dec. 21.
EghtesadOnline: One of the biggest criticisms of basic income, a system of giving people modest salaries just for being alive, is that it discourages people from working.
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).
EghtesadOnline: To raise cash subsidy payments to 2.5 million rials (about $66) per head, the prices of energy carriers need to rise sixfold.
EghtesadOnline: Impoverished families in Iran will get a raise of up to 50% in monthly allowance, under a program which had been adopted for sometime but will go to force from Saturday night.
EghtesadOnline: The government’s monthly grant of cash subsidies to families and individuals with limited resources who receive aid from the State Welfare Organization and Imam Khomeini Relief Committee will rise in accordance with the budget law, a statement by the Organization of Targeted Subsidies reads.
EghtesadOnline: With an eye to the May 19 presidential election, Hamid-Reza Baqaie, a probable presidential candidate who happens to be one of former president Mahmoud Ahmadinejad’s close confidants, has promised to raise monthly cash subsidy payment to 2,500,000 rials ($65.7) if he is elected to the office.
EghtesadOnline: Lawmakers voted on Saturday for the government to earmark 375 trillion rials ($9.91 billion) for cash subsidies in the new Iranian year (to start March 21, 2017).
EghtesadOnline: Government Spokesman Mohammad Baqer Nobakht said on Saturday that 4,853,386 people have been removed from the list of cash subsidies recipients as of January 20.