Sudden cut of subsidies will harm production sector

TEHRAN, May. 3 (MNA) – Majlis Speaker Ali Larijani has stated that the hasty implementation of the economic reform plan which is aimed at cutting subsidies will deal a blow to the production units.

“Eliminating the subsidies can harm …the production centers severely,” he said on Sunday, according to the Majlis media office.

 

The economic reform plan was proposed by the administration. The government says that the plan does not actually eliminate the subsidies, rather the subsidies are redirected.

 

Initially, the administration proposed a bill to pay the subsidies in cash. However, the bill was not ratified by the Majlis.

 

“The non-ratification of the hasty elimination of the subsidies was interpreted to be a political act... However, the Majlis has a national look to the issue,” Larijani added.

 

HK/PA

END

MNA

News Code 33551

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