ID :
206765
Tue, 09/13/2011 - 08:18
Auther :
Shortlink :
https://oananews.org//node/206765
The shortlink copeid
‘Iran`s subsidy reform plan has left govt. $13.8b in debt’
TEHRAN, Sept. 13 (MNA) – Supreme Audit Court Director Abdolreza Rahmani-Fazli announced on Monday that the government has so far borrowed 148,000 billion rials (some $13.8 billion) to implement the subsidy reform plan.
The government has obtained a loan of 50,000 billion rials (some $4.7 billion) from the central bank to be able to pay the subsidies in cash, Rahmani-Fazli told a press conference.
The loan had to be paid off by March 19, 2010, but it has not been paid back yet, he added.
He also said that 30,000 billion rials (some $2.8 billion) have been drawn on from the revenue raised from the export of oil and other goods.
A number of oil and energy companies have also lent the government 18,000 billion rials (some $1.7 billion) in total, and 50,000 billion rials (some $4.7 billion) have been spent from public funds, Rahmani-Fazli explained.
He added that about 254,601 billion rials (some $23.8 billion) were produced through gradual subsidy removal from December 19, 2010 to August 22, 2011, which have been spent on implementing the plan.
The government has obtained a loan of 50,000 billion rials (some $4.7 billion) from the central bank to be able to pay the subsidies in cash, Rahmani-Fazli told a press conference.
The loan had to be paid off by March 19, 2010, but it has not been paid back yet, he added.
He also said that 30,000 billion rials (some $2.8 billion) have been drawn on from the revenue raised from the export of oil and other goods.
A number of oil and energy companies have also lent the government 18,000 billion rials (some $1.7 billion) in total, and 50,000 billion rials (some $4.7 billion) have been spent from public funds, Rahmani-Fazli explained.
He added that about 254,601 billion rials (some $23.8 billion) were produced through gradual subsidy removal from December 19, 2010 to August 22, 2011, which have been spent on implementing the plan.
