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Iran’s Finance Minister: I’m Worried about the Future of Subsidy Reform Plan

Iranian Economy Minister Seyed Shamseddin Hosseini

Iranian Economy Minister Seyed Shamseddin Hosseini said on Saturday that he is worried about the future of subsidy reform plan in Iran. Mahmoud Ahmadinejad, the current president of Islamic Republic, has done all he could to run subsidy reform plan in country. However, the poor management of his deputies caused numerous problems for Iran’s economy and increased inflation and unemployment rates in country significantly.

“Over the past few years, fundamental changes have been applied on Iranian economy. Many things have been changed in this economy, and today we can observe the positive results of these massive changes. The economy of Iran has been targeted by international embargoes, but it doesn’t mean that our economy is not growing at all.” Seyed Shamseddin Hosseini told reporters on Saturday.

“Running subsidy reform plan as exactly as it was approved by Iranian parliament was not an easy task for any government. The government of Mahmoud Ahmadinejad tried to apply the requested changes from members of parliament in the best ways possible. However, I’m worried about the future of this plan as the next government may not run the second phase of this national project properly.” Shamseddin Hosseini added.

He also went on to downplay the negative effects of subsidy reform plan on Iran’s economy. “At some points, there were some mismanagements caused the current problems. But in overall, Iranian government managed to run this plan successfully.” Hosseini concluded.

Economists have previously anticipated difficult conditions for the next government of Iran, as the country is suffering badly from international sanctions over its controversial nuclear activities.

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