Bookmark and Share

Iranian government says family subsidies budget facing enormous shortfall


Source: Radio Zamaneh

The deputy head of budgets and planning for the Rohani government says the budget for paying family subsidies is facing a shortfall in the trillions. Mohammadbagher Nobakht said the government is looking at stopping payments to families in the top three income tiers. Currently, the subsidies are given out to all families irrespective of income.

Read related article by Iranian daily Etemaad

The Iranian government is said to be dealing with a budget shortfall of 700 to 800 trillion rials (1 Dollar = about 30,000 rials).

The next round of family subsidies is set to be deposited in recipients' accounts on Monday October 14.

© Copyright 2013 (All Rights Reserved)