Iran Committee Rejects Ahmadinejad’s Subsidy Cut Plan, Mehr Says
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An Iranian parliamentary committee rejected a plan by Mahmoud Ahmadinejad’s government to further increase the prices of subsidized energy and food, the state-run Mehr news agency reported.
The Parliament’s Integration committee rejected yesterday the size of the cuts proposed by the government, Mehr said. In the draft budget for the Iranian year started March 20, which Ahmadinejad presented to lawmakers in February and is yet to be approved by the parliament, the government’s revenue from subsidy cuts was set at $110 billion compared with some $44 billion the year before, according to the Mehr report.