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Iranian Parliament Approves $298 bln Budget Bill

TEHRAN (Fars News Agency)- Iranian MPs here on Sunday voted for the generalities of the government's proposed budget bill for the next Iranian year (beginning on March 21).

The general features of the $298 billion budget bill were approved following rather short debates among the pros and cons in a 5-hour-long session.

Discussions on President Mahmoud Ahmadinejad's proposed economic reform plan formed one of the main issues reviewed by the MPs.

According to the $20 billion plan, the state subsidies for fuel, natural gas and electricity will be cut and the cash will be distributed among low-income families to compensate for the price hike caused by the plan.

During the session, all the MPs emphasized the correct and logical implementation of the economic reform plan.

... Payvand News - 03/08/09 ... --

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