The Workers’ House has strongly warned against the government plan to abolish the subsidized import regime at the rate of 42,000 rials per dollar in a declaration.
The plan is part of the upcoming fiscal year’s (March 2022-23) budget bill recently submitted to the parliament by President Ebrahim Raisi.
Based on the budget bill, the government will pay the $3.3 billion “to offset price rises of basic goods, pharmaceuticals, bread and guaranteed-purchase of wheat”, local media outlets reported.
The measure must first be approved by the parliament before it is passed into law.
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