12172017Sun

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.

Search

Iran: UN Special Rapporteur Speaks on Dismal Human Rights Situation in Iran

Iran: Thousands of People Held Protest Rally in Front of Iran's Parliament

Iran: Widespread Protests of Thousands of the People, Plundered by the State Affiliated Financial

Tehran: Widespread Protests of Thousands of the People, Plundered by the State Affiliated Financial

Clashes Erupts in Western City Over killing of Porters by Iran’s Security Forces

Vienna: Iranians Rally in Support of Comprehensive Sanctions against Tehran

Iran: Guidance Patrol harasses women in public places

Iran 22 August 2017: Hundreds of retirees protest outside regime's parliament

Iran, Khuzestan Province: People Clashed With Security Forces

People Chanting Against Iran Regime During the Football Match

Iran: Murder Scene of a Poor Street Peddler by Municipality Agents

Suicide increasing in northern Iran due to crackdown and poverty

Two prisoners were hanged in Sarpol-e Zahab (western Iran)

Iran: Execution of four young men in public in Qeshm- 23 November

The untold story of the 1988 Massacre in Iran

Reyhaneh Jabbari's will Her voice recording from inside prison

Public execution in Kazerun, Iran - August 11, 2016