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Iran: 3 Economic Sectors’ Subsidy Bill Is $9.5 Billion

The Plan and Budget Organization has said that in the current year both hidden and direct subsidies are estimated to reach $63 billion
Iran: 3 Economic Sectors’ Subsidy Bill Is $9.5 Billion Iran: 3 Economic Sectors’ Subsidy Bill Is $9.5 Billion

Hidden subsidies paid to industry, mining and petrochemical sectors last fiscal year (March 2018-19) for gas and electricity reached a staggering $9.5 billion, according to a new report by the Majlis Research Center.
Total consumption of gas in the three sectors then was 55.1 billion cubic meters and 78.4 terawatt hours of electricity -- around a fifth of the total power annually produced in Iran was consumed in the sectors, ILNA reported.
The report used export prices for natural gas (11 cents per cubic meter) and electricity (5.5 cents per kilowatt hour) as the base to calculate to what extent the two key sources of energy have been subsidized.

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