13 Nov 2024
Monday 18 December 2017 - 15:24
Story Code : 286978

Bread subsidies may be halved

Financial Tribune- The government will allocate 50 trillion rials ($1.19 billion) to bread subsidies and guaranteed wheat purchase scheme as per the budget bill for the next fiscal year (March 2018-19).

The figure indicates a 50% decline compared to the current years budget, ISNA reported. More than 8.87 million tons of wheat worth 116 trillion rials ($2.76 billion) were purchased from local farmers by the government in the eight months of the current year.
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