EghtesadOnline: The Majlis Joint Commission has set the ceiling for revenues from the Subsidy Reform Plan at 370 trillion rials ($8.6 billion) for the next fiscal year (March 2018-19), out of which 230 trillion rials ($5.34 billion) will be paid to Iranian households in the form of cash or non-cash subsidies, the spokesman of the commission said.

EghtesadOnline: A paper recently authored by economists Roman J. Zytek and Mohammad Reza Farzin has reviewed the experience of Iran’s Targeted Subsidies Reform. The study addresses several criticisms of the key elements of the reform design, implementation record and broader economic and social impact, identifying and elaborating on the most critical design and implementation shortcomings.