Iranian government likely forced to double fuel prices
President Rouhani's administration has set the goal of 519 trillion rials, (about $20.9 billion) government's income from implementation of the subsidy reform plan in budget bill. The government's income from the subsidy reform plan is expected to be around $11.26 billion in the current year. The Parliament approved the generalities of changes to the next year's budget bill on Jan.28. One of the most controversial items of the budget was the subsidy reform plan. The budget bill didn't specify detailed fuels prices, but increasing the government's incomes from the subsidy reform plan means more cuts to the state finances on subsided commodities and the necessity of raising fuel prices. Former President Mahmoud Ahmadinejad's administration in December 2010 implemented the subsidy reform plan to make some profit. The subsidy reform plan is aimed at easing pressure on state finances by cutting tens of billions of dollars from government subsidies ...