Iran Gov’t to Continue Supply of Subsidized Essential Goods

September 28, 2020
government

T he government plans to continue subsidizing essential goods in the next fiscal year (March 2021-22).

According to Vice President Mohammad Baqer Nobakht, who doubles as the chairman of Iran’s Plan and Budget Organization, the government will channel earnings from oil exports to import essential goods at the subsidized rate of 42,000 rials per US dollar.

He made the remarks on the sidelines of a meeting of the so-called Budget Headquarters 1400 (the Iranian year starting March 2021), Mehr News Agency reported.

The Plan and Budget Organization held the first meeting of the headquarters on Aug. 22. Discussions centered on the makeup of the headquarters, the Joint Commission—a parliamentary body responsible for reviewing the budget bill as well as the five-year economic development plans—and eight specialized taskforces.

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