MP: People need to fasten belt for implementing subsidy reform

TEHRAN, Sept. 19 (MNA) – MP Mohammad-Reza Khabaz suggest that people should fasten their belt for a period of economic hardship as the administration gears up to implement a series of austerity measures in the form the subsidy reform plan.

“People should prepare themselves for a hard time,” Khabaz, the spokesman of the Majlis Economic Committee, told the Mehr News Agency on Sunday.

Underscoring the importance of implementing the subsidy reform plan for the national economy, Khabaz said, “The implementation of the subsidy reform plan will prevent the wasting of resources.”

There is concern over the way and the timing of implementing the plan, but the overhaul of the subsidy system should be executed as soon as possible, the reformist lawmaker said.

“If the administration had implemented this plan during the fist half of the current year, it would have been much easier for both the administration and the people,” he added.

He went on to say that there will be a rise in prices after the plan is executed.

“The Iranian nation should endure the period of convalescence after this surgery” on the economy is performed, he noted.


News Code 41982

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