EghtesadOnline: The removal of cheap foreign currency and hidden subsidies and their impact on inflation are really a minor concern; the main worry is lack of information to determine eligibility criteria and identify target population groups for subsidy allocation, Kamran Nadri, an economic expert wrote in an article published in the Persian exconomic daily Arman-e Melli. Translation of the full text follows:
EghtesadOnline: The Targeted Subsidies Organization has allocated 4 trillion rials ($17.5 million) for importing 10 million doses of Sinopharm vaccine.
EghtesadOnline: Thirty-five percent of the resources estimated for the implementation of the Targeted Subsidies Law were not realized in the eight months to Nov. 20 due to the decline in oil revenues and lower domestic gasoline consumption following the outbreak of the new coronavirus and reduction in journeys, an official with the Plan and Budget Organization of Iran said.
EghtesadOnline: Since the government got the ball rolling on gasoline price reform on Nov. 15, by rationing and raising the price of fuel by at least 50%, officials such as Oil Minister Bijan Namdar Zanganeh have declared that revenues earned from the new fuel price hike, in their entirety, would be redistributed among the people.
EghtesadOnline: Car buyers in Iran support privatization and a free market approach to the key industry and oppose generous state and government subsidies for the inefficient sector, a survey conducted by Iran Standard and Quality Inspection Company showed.