Iran General NewsAhmadinejad in parliament to push Iran subsidies reform plan

Ahmadinejad in parliament to push Iran subsidies reform plan

-

Bloomberg: Iranian president Mahmoud Ahmadinejad appeared in parliament today to brief deputies on the economy as he seeks to extend a subsidy-reduction plan that started three years ago. Bloomberg

By Ladane Nasseri

Iranian president Mahmoud Ahmadinejad appeared in parliament today to brief deputies on the economy as he seeks to extend a subsidy-reduction plan that started three years ago.

Ahmadinejad wants to implement a second phase of the plan, including a further rise in energy prices, before he steps down later this year, while parliament maintains the move would fuel inflation, Mehr and other state news agencies have reported.

Pictures of Ahmadinejad addressing members of parliament were shown on state-run Press TV. His speech began at 8:30 a.m. local time and is due to last until 10 a.m., when lawmakers will have the chance to comment, according to Mehr.

Iran’s government started a five-year program to remove food and energy subsidies in December 2010. The second phase of the plan, which was to be introduced last year, was put on hold amid a drop in the value of the national currency and rising inflation, partly the result of stricter financial and energy sanctions by the U.S and the European Union over the country’s nuclear program.

“A rise in the price of produces and energy will harm production and this is why the parliament was against the execution of the second phase of the plan,” parliamentary speaker Ali Larijani was quoted as saying by Donya-e-Eqtesad newspaper on Jan. 13.

The U.S and its western allies say Iran’s nuclear activities may be a cover for the development of atomic weapons, a charge the Persian Gulf country denies.

Iran is holding a presidential election on June 14 and Ahmadinejad is constitutionally unable to run for a third consecutive time.

Latest news

Requirements for a Simple Life in Iran; the Unattainable Dream

It is no exaggeration to say that Iran's economy is in a major freefall. All economic indicators are suggesting...

Sale of Iran’s Historical Items; Is There Anything Left To Sell?

Some of the members of the Iranian regime’s parliament have submitted a plan on the 'optimal use of antiquities...

Iran: Bread Protests Are on Way, Stronger Than Gas Protests

Observers in Iran believe that nationwide protests and uprisings are underway following the Iranian regime’s decision to increase the...

Iran: Tax Pressure on the People and Exemption for the ‘Super Rich’

In a critical situation where most of the Iranian regime’s officials and media outlets are warning its leaders to...

Iran’s Regime and Its Expertise in Reversing the Truth

In order to get an insight into the Iranian regime’s real behavior and culture, you first need to analyze...

Capital Outflow Intensified in Iran

One of the current major crises in Iran’s economy is the capital outflow, which is implemented by the regime’s...

Must read

Iran hits back at Saudi Arabia over Iraq remarks

Iran Focus: Tehran, Iran, Sep. 24 – Iran reacted...

UN atomic agency seeks to visit key Iranian defense site: diplomats

AFP: The UN atomic agency has asked to visit...

You might also likeRELATED
Recommended to you