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Gov’t Doled Out $3.3 Billion in Covid-19 Financial Assistance

Gov’t Doled Out $3.3 Billion in Covid-19 Financial Assistance
Gov’t Doled Out $3.3 Billion in Covid-19 Financial Assistance

The government has extended a total of 770 trillion rials ($3.37 billion) in financial assistance to households, businesses, the unemployed and the heath sector in the last fiscal year (March 2020-21).
According to a report by Coronomy.ir, the government’s Covid-19 support schemes included a loan worth 10 million rials ($44) to each household, which was paid in two stages, unemployment benefits to those who lost their jobs during the pandemic, special funds to sectors such as health, tourism, culture, arts, sports and youth, deferral of tax payments, the so-called “livelihood package” worth 2-4 million rials ($8.7-$17.5) and suspension of rents paid to government agencies. 
Households received an aggregate of 495 trillion rials ($2.16 billion), of which 220 trillion rials ($964.06 million) were in the form of 10-million-rial worth of loans paid to 23 million households in the first stage and 71 trillion rials ($311.13 million) in the second stage. 

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