Iran General NewsIran postpones second round of subsidy cuts

Iran postpones second round of subsidy cuts

-

AP: An Iranian lawmaker says the country’s parliament has postponed the implementation of a second round of subsidy cuts until 2013 over fears of stoking already rampant inflation.

The Associated Press

TEHRAN, Iran (AP) — An Iranian lawmaker says the country’s parliament has postponed the implementation of a second round of subsidy cuts until 2013 over fears of stoking already rampant inflation.

The head of the parliamentary budgetary and planning committee Gholam Reza Mesbahi Moghaddam told the semiofficial Mehr news agency the second phase of the three-part plan would likely cause a 15-percent jump in the inflation rate, which is officially running at almost 25 percent.

Iran began cutting subsidies on energy and food in 2010. The second phase, which targeted gasoline subsidies, was to take effect in March 2012.

Parliament’s decision Tuesday officially pushed back the second round of cuts to March 2013.

Iran has been under increasing economic sanctions by the West that suspects Iran is pursuing nuclear weapon, a charge Iran denies.

Latest news

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Must read

The Untold Story of ISIS

By Jubin Katiraie ISIS chief Abu Bakr al-Baghdadi was...

Iran: Supreme Leader’s Initiatives for Presidential Election

Today, the Islamic Republic system in Iran faces critical...

You might also likeRELATED
Recommended to you