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Iran's 2014 Budget Taking Shape

As the Iranian parliament begins to discuss the 2014 budget, which takes March 21, some challenges are beginning to emerge in a country with an inflation rate of 44 percent, negative economic growth and high unemployment. In particular, subsidy reform presents lawmakers with a major challenge. Iran has doled out subsidies to the tune of about $100 billion per year to the population to help pay for petroleum, medical supplies and basic foodstuffs. They were first used during...

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