Iranian subsidy reform plan
The Iranian targeted subsidy plan (Persian: طرح هدفمندسازی یارانهها) also known as the subsidy reform plan was passed by the Iranian Parliament on January 5, 2010. The government has described the subsidy plan as the "biggest surgery" to the nation's economy in half a century and "one of the most important undertakings in Iran's recent economic history". The goal of the subsidy reform plan is to replace subsidies on food and energy (80% of total) with targeted social assistance, in accordance with Five Year Economic Development Plan and move towards free market prices in a 5-year period. The subsidy reform plan is the most important part of a broader Iranian economic reform plan.
According to the government, approximately $100 billion per year is spent on subsidizing energy prices ($45 billion for the prices of fuel alone) and many consumable goods including bread, sugar, rice, cooking oil and medicine. However, some experts believe direct subsidies are about $30 billion, depending on oil prices.
The subsidy system has been inherited from the Iran-Iraq war era but was never abolished. Iran is one of the largest gasoline consumers in the world, ranking second behind the United States in consumption per car. The government subsidy reform has been years in the making for various reasons. Iran's Supreme Leader has backed the government's latest subsidy reform plan.
- 1 Objectives
- 2 Implementation
- 3 Effects and criticism
- 4 See also
- 5 References
- 6 External links
Iran was the largest provider of fuel subsidies in the world by 2009. Many Iranian experts agree that these unsustainable subsidies encourage waste among goods, including in the production sector, ranging from gasoline to bread that must be stopped and the only way to do that is to redirect subsidies.
The stated goal of the subsidy reform is "to rejuvenate Iran's economy, increase productivity, give it a new footing and bring it out of the slump it has been in for so long". Concretely, the government plans to replace the subsidies with targeted social assistance. Consequences of the economic reform plan are that Iran will be less vulnerable to US sanctions because it will reduce fuel imports. The reform plan will also save money for the Iranian people because it will end a multi-billion dollar-a-year contraband (17% percent of fuel production in Iran is smuggled abroad daily). Due to subsidies, Iran had long had one of the cheapest gas prices in the world, 10 cents per liter or 40 cents per gallon.
Implementation of the plan will reduce waste and consumerism. In fact, according to official data, the higher income strata of the population has enjoyed the same subsidies as the poor until now. On the other side, subsidies reduction will reduce air pollution by reducing car traffic in Tehran. Finally, the subsidy plan will increase social justice through targeted social assistance. According to official data, the richest decile of households benefits 12 times more from gasoline subsidies than the poorest decile. Overall, implementation of the plan will increase productivity, efficiency, competitiveness of Iran's economy, economic growth, oil exports and per capita income (all other things being equal).
For implementation of the bill, an entity has been established as a duly authorized governmental company under the name "Targeting Subsidies Organization".
The amount saved by the government, will be distributed as follows: 50% towards the poorest strata of Iranian society; 20% at the government's disposal (to compensate for increased costs or as safety net); and the remaining 30% will be directed towards improving the efficiency of the utility, fuel and energy production infrastructure, public transportation development, industry and farming.
The plan will commence with energy, fuel and utilities in the first year and consumable goods will start in the second year. The start of the cuts will coincide with the beginning of the second half of the Iranian year on Sept. 23, 2010. At that time, the 2007 Gas rationing plan will come to an end.
In March 2010, the Iranian Parliament approved a $347 billion budget, in which the allocation from subsidies and the oil price were set at $20 billion and $65 per barrel, respectively. According to the Vice President for Parliamentary Affairs, Iran's subsidy reforms would save 20 percent of the country's budget. Iran wants to save up to $100 billion on subsidies within three to four years. In 2011, the Iranian parliament approved a $508 billion budget based on $80/barrel oil price. This bill also factors in $54 billion from price hikes and subsidy cuts.
|as at 2008/09||2014/15
Energy price reform
|Real GDP growth||−3.7%||3.5%||~8% (1/3 from productivity improvement)|
|Real GDP growth (non-oil)||2.9%||3.8%||~8%|
|Crude oil exports||2.4 Mb/d||1.8 Mb/d||~2.5 Mb/d|
|CPI inflation||25.4%||10%||~7% (peaking above 30% in 2011)|
|Gross official reserves||$80 billion||$98 billion||~$170 billion|
|General Budget, of which||170||129||31.8%|
|General Expenditures & Other Items||135||97.3||38.7%|
|Budget for State-Owned Banks and Enterprises||355||252.5||40.6%|
|Resources from Subsidies Phase Out||54||20||171.7%|
* Totals may not add up due to rounding and deduction of double-counted items Note: all numbers are in billion dollars.
According to the IMF, until recently a four-member Iranian household received an average of $4,000 a year in subsidies for oil and natural gas, compared with a typical annual income of about $3,600 a year.
In 2010, Iran's Department of Statistics announced that 10 million Iranians live under the absolute poverty line and 30 million live under the relative poverty line. President Mahmoud Ahmadinejad says implementation of the targeted subsidy system will eradicate unemployment and poverty in Iran within three years.
The administration has said earlier that it will be able to allocate different payment amounts to different people. To that end, in 2009, forms were distributed asking Iranians to report income, assets and property but the question remains on how the government will verify this information gathered by self-reporting. Many people have chosen not to report or withhold information. The administration has categorized the people into three income brackets; namely lower, middle, and higher for the implementation of the subsidy reform plan. On the other side, it was not clear in what form the compensation would be distributed, direct cash or goods. Another concern is the accuracy of government information on family incomes.
In September 2010, Iran's Statistics Bureau announced that implementation was delayed by one month because they were still collecting information regarding the financial situation of households and opening bank accounts for them.
Later in 2010, the government announced that it had revised its plan because of lack of reliable data on personal incomes. To ease the economic pain of lost subsidies, the government indicated it would distribute $40 per person/month (i.e. 455,000 rials/month) to 90% of the general population, starting on December 18, 2010.
|Item||Original/Budgeted plan (2010)||Revised plan (2011)|
|% population receiving cash handouts||50%||>90%|
|Amount re-directed from subsidies||$20 billion/year||<$54 billion/year|
|Cash handout per capita/month||$25||$40|
|Cost in 2011 budget for this handout||$10 billion||>$30–35 billion
|Amount allocated for production &
government from subsidies re-direct
|$10 billion ($6 billion for production and
$4 billion for government to cover increased costs)
|>$10 billion for production|
The government took control of deciding how much the prices should rise in a year, as long as the subsidy cuts on gasoline and other refined products, natural gas, electricity, water, food (sugar, rice, cooking oil and bread), health and education are between $10 and 20 billion dollars annually. Estimates indicate that the government has to increase existing prices by an average of 2.5 times to achieve the lower target and by 4 times for the maximum target. According to the IMF, Iranians can expect the first price hike to lift energy product prices between four and 20 times previous levels, with prices surging even higher eventually.
According to the plan, the type of consumption (i.e. whether agricultural, industrial and civil) will also be considered when setting energy prices. The subsidy plan will be implemented in proportion with geographical regions because warm regions consume more electricity during summer while cold regions consume more gas during winter. Finally, the time of consumption (i.e. during peak and off-peak hours) and the consumption demand (i.e. whether it is low or high) will be taken into consideration.
(as of 12/17/2010)
(as of 12/18/2010)
|Initial decrease in consumption
(as of 01/01/2011)
|Gasoline||10 cents/liter; 40 cents/liter (beyond 60 liters/month)||40 cents/liter; 70 cents/liter (beyond the quota, except for public service cars which receive a higher quota)||5–20% (from 64 million to 53 million liters/day)||Prices for oil derivatives not less than 90% of the prices in the Persian Gulf market (f.o.b) ($0.88-0.91 per liter as of 2014)|
|Diesel||$0.06/gallon||$0.6/gallon ($1.4/gallon on the open market)||20% (from 54 to 41 million liters/day)||N/A|
|Natural gas||1-1.3 cents/m3 for households and 0.5 cents/m3 for power plants||>500% price increase; on average 7 cents/m3 for households and industry and 8 cents/m3 for power plants||6% (for cooking gas)||75% of the average export price for the general population; 65% of the average export price for petrochemical companies for 10 years.|
|CNG||4 cents/m3||30 cents/m3||N/A||N/A|
|Electricity||1.6 cents/KWh||<300%||11%||at production cost (8 cents/KWh as of 2010; 10 cents in 2015)|
|Water||9 cents/m3||25–37 cents/m3; 300-400% increase (2,500 rials/m3 for household usage; 4,128 rials/m3 for industrial usage)||5%||at production cost (~10,000 rials/m3 for household usage)|
|Bread (loaf of brick oven bread)||5–20 cents; Wheat: 1 cent/kg||200% (40 cents); Wheat: 28–30 cents/kg. Price of bread increased again to 45 cents in April 2011.||N/A||N/A|
|Taxi & inter-city buses||N/A||10–18% (city buses, domestic flights and the metro, are not allowed to raise prices at all)||N/A||N/A|
|Air+rail transport||N/A||>30% (not yet implemented)||N/A||N/A|
Starting in April 2012, Iran's consumers have been hit with a wave of rising prices that has now touched laundry detergent and food items such as cooking oil, rice, eggs and dairy products. Since April 2012, the price of food and other consumer products have risen between 10 and 20% in some cases.
The latest official data comparing prices of foodstuffs in the second week of April 2012 to the corresponding period in 2011 showed dairy products rose about 42 per cent, red meat 47.5 per cent, rice about 29 per cent, beans 45.7 per cent, vegetables 92 per cent, sugar 33 per cent and vegetable oil 30 per cent. The price of chicken nearly tripled since 2011.
As of October 2011, consumption of liquefied petroleum gas, gasoline, kerosene, and diesel has cut between 4 and 19%, despite the fact that more than 1 million cars have been added to Iran's fleet. Increased use of compressed natural gas (CNG) to fuel cars has also reportedly played a role in this. According to the government, if oil products consumption had not been managed, consumption of gasoline would have increased to 120 million liters per day, while by reforming consumption pattern the figure has fallen to 60 million liters per day. In November 2011, the Government reported that the subsidy reform plan has saved Iran $6 billion.
|Item||2010||2011||Reduction in consumption (2010–11)||Savings (as of January 2012)|
|Petrol||62.8mn liters/day||59.3mn liters/day||3.5mn liters/day||$2.1 billion (for gas oil) [clarification needed]|
|Liquid gas (CNG)||12.3mn liters/day||11mn liters/day||1.3mn liters/day||$200 million|
|Gasoline||81mn liters/day||73mn liters/day||8mn liters/day||$880 million, despite the fact that 4000 new cars are registered each day and continued fuel smuggling with neighboring states.|
|Kerosene||N/A||N/A||2.9mn liters/day||$770 million|
|Furnace oil||18.1mn liters/day||11.5mn liters/day||6.4mn liters/day||$1.350 billion|
|Electricity||N/A||N/A||N/A||~$400 million ($10 billion when including capital investment and fuel for power plants)|
The reforms target one of the major sources of inefficiency and price distortions in the Iranian economy, and will likely lead to major restructuring in almost all economic sectors. The banking sector in Iran is viewed as a potential hedge against the removal of subsidies, as the plan is not expected to have any direct impact on banks. Experts believe that following the launch of the subsidies reform plan, the electricity industry will undergo significant changes and will become more appealing to private investors.
On the other side, the cement industry in Iran is one of the economic sectors that will be hit the hardest in Iran following of the subsidy reform plan, because many Iranian cement factories are energy inefficient (Notwithstanding possible adjustment and/or liberalization of commodities prices by the government during implementation). Taxi, delivery and truck drivers have also been adversely affected by the recent gas price increase. Experts believe that the removal of subsidies is likely to have an adverse impact on the profitability of the automotive sector for at least the next 2–3 years. One major element of pressure on producers is the unchanged exchange regime of the Central Bank of Iran, which puts imported products at an advantage by failing to compensate for the relative increase in production costs of domestic producers.
During the second phase, starting in June 2012, half of the funds from energy and food subsidies will be re-allocated to the people and the remaining 50% will go to the industrial sector. If approved by the Parliament, the government will pay an extra cash handout of 280,000 rials/month to 80% of the general population (i.e. people earning less than $2000/month, which is a comfortable income level in Iran). In July 2012, it was announced that implementation of the second phase was suspended awaiting further adjustments by the government and because of raising inflation (around 22% as of April 2012). Finally, in fall 2013, the parliament approved a plan to drop 22 million Iranians—the top 30 percent of earners—from the subsidy system instead. Yet, it was reported in 2014 that out of Iran’s population of 77 million, 73.6 million registered to receive the cash hand-outs.
Effects and criticism
According to earlier critics, even if half of $20 billion is passed as part of the compensation to the poorer 50% of the Iranian society, it will amount to $25 per eligible person per month; "no way near enough to make up for such inflation rates".
Critics say that if the government goes for the top of this range inflation could rise up to 40% through the economy. The International Monetary Fund, however, has predicted a more moderate rise in inflation of just 32 percent. As of January 2010, the official inflation rate stands at 15 percent. The cost of living in Iran, according to the Majlis Research Center, could rise by up to 60 percent.  Ahmadinejad's administration contends that the negative side effects will be transient and that the projections are based on out-of-date models.
According to some western reports, cash payments have been denied to some opponents of the regime during the distribution phase.
Ahmad Tavakkoli, a parliamentarian, accused the government of “violating the law” and “mis-implementing” the plan because it earned 290,000bn rials ($23.6bn) from the cut in subsidies in the first 14 months of its implementation but paid people $36.7bn of compensation in return (he says).
It has also been reported that while the subsidy reform plan needs further adaptation and fine-tuning, citizens must separate the questions of public policy from the issues of government legitimacy. The IMF has hailed Iran's economic reform and asked Iran's expertise to be transferred to other countries. The Economist Intelligence Unit has also praised Iran's subsidies reform plan for its positive effect on the economy in 2011.
In 2012, Iran's head of the Expediency Council, Ayatollah Hashemi Rafsanjani, criticized the government for failing to reinvest the money it saved by restructuring government subsidies. To compensate, the government says it has allowed producers to adjust their prices more liberally and it has given free loans and energy subsidies in some cases. In recent years, income inequality in Iran has declined by different measures, which may be an effect of the subsidy reforms. For example, the income Gini coefficient fell from 0.4023 in 2005 to 0.3813 in 2010. Between February 2011 and February 2012, the government earned 510 trillion rials (some $41.6 billion) by implementing the Subsidy Reform Plan.
In October 2012, 179 of 240 members of parliament voted in favor of pausing the subsidy reform, because of high inflation (exacerbated by the sanctions against Iran). Consequently, the growth in consumption of subsidized products rebounded in 2012.
In 2014, Iran started the second phase of its targeted subsidy plan under President Hassan Rohani. Petrol prices were raised by 75% from 4,000 to 7,000 rials ($0.16 to $0.28) per litre. In consequence of the higher prices, consumption is expected to drop.
- Economy of Iran
- Economic history of Iran
- Social Security Organization (Iran)
- Transition economy
- International rankings of Iran
- Iran and WTO
- Tehran Stock Exchange
- Chinese economic reform
- Turquoise Partners: Investment Monthly (January 2011) Retrieved March 7, 2011
- "Majlis approves Ahmadinejad's subsidy bill". Presstv.com. 2010-01-05. Retrieved 2010-01-30.
- "Iran doubles the price of bread with subsidy cut". Associated Press. Retrieved 2010-03-07.[dead link]
- PressTV: 'Subsidy reforms halt fuel consumption'. Retrieved December 30, 2010.
- "Resources - Economic Indicators". Atieh Bahar. 2008-10-20. Retrieved 2010-01-30.
- "Why Iran's Ahmadinejad is pushing to cut popular government subsidies". CSMonitor.com. 2010-04-30. Retrieved 2010-05-05.
- Iran daily: Energy Subsidies Reach $84b at the Wayback Machine (archived May 6, 2008). Retrieved February 13, 2010.
- "Iran may limit cooperation with nuclear watchdog". Los Angeles Times. 2010-12-18. Retrieved 2010-12-23.
- Bloomberg: Iran Gasoline Consumption Falls 13% After Government Price Rise Retrieved January 9, 2011
- United States Energy Information Administration: Environmental Issues in Iran (2000). Retrieved August 16, 2009.
- "President: Opposition to subsidy plan is ‘politically motivated’". Tehran Times. 2009-12-07. Retrieved 2010-01-30.
- "Majlis special committee to study economic reform plan". Tehran Times. 2008-06-24. Retrieved 2010-01-30.
- Dr. Amuzegar, Jahangir (2005-10-03). "Iran's Third Development Plan: an Appraisal". Retrieved 2010-07-26.
- New York times: Supreme Leader in Iran Supports Bid to Cut Subsidies Retrieved January 6, 2011
- January 09, 2010 (2010-01-09). "Press TV- Iran Today- President Ahmadinejads economy reform plan-01-08-2010- (Part 1)". YouTube. Retrieved 2010-01-30.
- Tehran Times: Iran gasoline import slump softens sanctions. Retrieved October 20, 2011.
- The Economist: The regime tightens its belt and its fist Retrieved January 17, 2011
- Subsidy reform plan saves Iran $6b: minister. Tehran Times. Retrieved December 5, 2011.
- "'17 percent of daily fuel production smuggled abroad'". Presstv.com. 2009-09-26. Retrieved 2010-01-30.
- RAND Corporation: The Rise of the Pasdaran. Retrieved June 10, 2010.
- IMF: Iran to Cut Oil Subsidies in Energy Reform. Retrieved October 13, 2010.
- Subsidy plan reduces poverty and income disparities in Iran: World Bank. Tehran Times. Retrieved October 19, 2011.
- "Iran - Country Brief". Go.worldbank.org. Retrieved 2010-01-30.
- "Targeted Subsidies in Iran". Press TV. Retrieved 2010-01-30.
- Islamic Republic of Iran: IMF Staff Report Retrieved March 9, 2011
- Nourlaw.com: The Bill for Subsidy Targeting Ready for President’s Implementation. Retrieved June 10, 2010.
- "Iranian Subsidy Cuts to Begin in September, Ahmadinejad Says". Businessweek.com. 2010-05-13. Retrieved 2010-05-26.
- PressTV: Iran plans to cut subsidized fuel. Retrieved June 7, 2010.
- "Iran Parliament approves $347 billion budget". Presstv.com. Retrieved 2010-03-09.
- Reza Derakhshi (2009-02-09). "Iran parliament approves Ahmadinejad budget". Reuters. Retrieved 2010-03-09.
- "Iran Cuts Energy Subsidies as Sanctions Take Toll". BusinessWeek. 2010-12-19. Retrieved 2010-12-23.
- PressTV: 'Subsidy cut saves Iran 20% on budget'. Retrieved March 16, 2011.
- "Iran: Ahmadinejad Submits Ambitious Budget". Payvand.com. 2006-11-22. Retrieved 2010-01-30.
- Derakhshi, Reza (2010-01-03). "Iran MPs reject call for subsidy bill withdrawal". Reuters. Retrieved 2010-01-30.
- More subsidy cuts in Iran budget. Aljazeera. Retrieved May 1, 2012.
- Mehr News Agency: Iran eyes $250 billion annual revenue in 5 years. Retrieved December 22, 2010.
- IEA: Oil (Iran). Retrieved December 29, 2010.
- Turquoıse Partners (Aprıl-May 2011): Monthly Report. Retrieved July 29, 2011.
- "No. 3789 | Front page | Page 1". Irandaily. 2010-09-30. Retrieved 2010-10-08.
- Radio Zamaneh: Ten Million Iranians Under "Absolute Poverty Line" Retrieved May 28, 2010
- January 09, 2010 (2010-01-09). "Presstv". Youtube.com. Retrieved 2010-01-30.
- Tehran Times: 40 percent of families in lower income bracket. Retrieved February 2, 2010.
- "Iran delays government subsidy reform again". Payvand.com. 2006-11-22. Retrieved 2010-10-08.
- Wall Street Journal: Iran Tightens Security as Subsidy Cuts Loom. Retrieved November 6, 2010.
- "FRONTLINE: Tehran Bureau: Iran's Subsidies Conundrum". PBS. Retrieved 2010-12-23.[dead link]
- United States Institute of Peace: The Subsidies Conundrum. Retrieved November 17, 2010.
- Central bank: Income equality improved in Iran. Tehran Times. Retrieved May 4, 2012.
- Yoshie Furuhashi (2010-01-16). "Djavad Salehi-Isfahani, "Iran: A Good Time for Goodbye to Subsidies"". Mrzine.monthlyreview.org. Retrieved 2010-01-30.
- Solomon, Jay; Farnaz Fassihi (2010-10-23). "Iran to Pare Food, Gas Subsidies". Wall Street Journal: A8.
- "Iran fuel prices rocket as subsidies cut". AFP. 2010-12-19. Retrieved 2010-03-07.
- "Iran Inflation Rate". index Mondi.
- "Iran Investment Monthly". Turquoise Partners. 2009-01-11. Retrieved 2010-05-25.
- "Cutting Subsidies To Boost Efficiency: Report From IMF Economists". Iran-daily.com. 2010-09-30. Retrieved 2010-10-08.
- "Ahmadinejad orders implementation of subsidy reform plan". Payvand.com. 2006-11-22. Retrieved 2010-01-30.
- Globalpost: Iran remains stable despite dramatic price increases. Retrieved December 29, 2010.
- Iran Daily: Subsidy Cuts Leads to Lower Fuel Consumption. Retrieved December 29, 2010.
- "PressTV - Iran launches economic reform plan". Presstv.ir. 2010-12-19. Retrieved 2010-12-23.
- PBS- Frontline: Petroleum Product Usage Plummets Post-Subsidy Paring. Retrieved January 6, 2011.
- Dow Jones: Iran Gasoline Consumption Down 20% Year-On-Year After Subsidy Cut. Retrieved March 6, 2011.
- Gasoline turnaround predates subsidy reform. Iran Daily, July 16, 2014. Retrieved July 17, 2014.
- "Cost repercussions of Iran's subsidy reform plan". Payvand.com. 2006-11-22. Retrieved 2010-12-23.
- (2006-11-22). "Blackouts Threaten Iran". Payvand.com. Retrieved 2010-05-05.
- Iran Daily: Electricity Bourse Ready for Inauguration Retrieved January 8, 2011
- Institute for War & Peace Reporting (IWPR): Muted Response to Iranian Subsidy Cuts Retrieved January 16, 2011
- Mehr News Agency: Hike in water, power prices earns govt $5b Retrieved January 9, 2011
- VOA: Iran Raises Price of Bread in Subsidy Phaseout Retrieved April 30, 2011
- The Washington Post: Resentment builds in Iran over price hikes, overhaul of state subsidies. Retrieved December 30, 2010.
- "Big jump in air and train ticket prices in Iran". Payvand.com. 2006-11-22. Retrieved 2010-10-08.
- Mehr News Agency: Plane, train ticket prices not to increase for now Retrieved January 9, 2011
- Inflation hits Iran's grocery products. Radio Zamaneh. Retrieved April 18, 2012.
- Subsidy dispute adds to Iran’s woes. Financial Times. Retrieved April 25, 2012.
- Chickens facing censorship in Iran Telegraph (UK), July 15, 2012. Retrieved August 1, 2012.
- "Report: Rare Iran protest over food price hikes." AP, 23 July 2012. Retrieved August 1, 2012
- Subsidy Reform Plan saves Iran $5.3b in fuel consumption. Tehran Times. Retrieved January 13, 2012.
- RFE/RL/Payvand.com: Sanctions And Iran's Achilles Heel. Retrieved June 11, 2010.
- Subsidy reform: A year later-Iran. PressTV. Retrieved February 11, 2012.
- Subsidy cuts save Iran $8.4 billion in water, power consumption. Tehran Times. Retrieved January 13, 2012.
- Turquoise Partners: "Iran Investment Monthly" - October 2010. Retrieved October 30, 2010.
- Turquoise Partners: Iran Investment Monthly (March 2011) Retrieved April 30, 2011.
- "Iran | Economy | Sanctions". Globalpost.com. Retrieved 2011-01-06.
- Second Phase of Subsidy Reform: Concerted efforts of Government and People. PressTV. Retrieved April 18, 2012.
- Iran's 2014 Budget Taking Shape. Voice of America, January 29, 2014. Retrieved February 1, 2014.
- Iran Investment Monthly. Turquoise Partners, April 2014, Retrieved June 21, 2014.
- PBS-Iran Primer: The Subsidies Conundrum. Retrieved October 26, 2010.
- Tait, Robert. "Economists Say Iran Subsidy Plan A Weapon Of Political Control." Radio Liberty, 20 December 2010.
- Nader Habibi: Reaction to Iranian Government's Subsidy Reform Program. Retrieved April 6, 2011.
- "No Operation". Presstv.com. Retrieved 2012-08-15.
- "Economic jihad". The Economist. 2011-06-23.
- Iran Investment Monthly. Turquoise Partners, January 2012. Retrieved February 16, 2012.
- Rafsanjani criticizes Ahmadinejad's economic policies. Radio Zamaneh. Retrieved February 11, 2012.
- Iran's economy to grow in 2012: WB. PressTV. Retrieved February 4, 2012.
- Torbati, Yeganeh. "Iran parliament may halt Ahmadinejad economic policy." Reuters, 7 October 2012.
- Iran’s subsidy reform a successful example of income distribution: IMF. Tehran Times, July 12, 2014. Retrieved July 2014.
- Iran: Cut those subsidies. TheEconomist, April 30, 2014. Retrieved March 13, 2015
- Iran's bold economic reform - Economic jihad The Economist (June 2011)
- Iran Investment Monthly (Special Report: Subsidies Reform Plan) - Turquoise Partners
- Structural Patronage in Iran: Implications of Subsidies Reform for Iran and U.S. Policy - American Enterprise Institute
- Iran Plans To End Energy Subsidies - Energy Tribune
- Iran to Cut Oil Subsidies in Energy Reform - International Monetary Fund Survey Magazine
- Islamic Republic of Iran: IMF Staff Report – Statistics and macro-economic projections in relation to Iran's economic reform by the International Monetary Fund (March 2010)
- (IMF Staff Report - March 2014)
- Iran's Subsidies Conundrum - PBS
- Economy reform plan - Part I Part II Part III (PressTV - January 2010)
- Iran's Grand Economic Reform - Part I Part II Part III (PressTV - June 2010)
- Iran's Economic Reform Plan (PressTV - December 2010)
- Iran's subsidy reform plan (PressTV - February 2011)
- Subsidy reform: A year later (PressTV - January 2012)
- Second Phase of Subsidy Reform: Concerted efforts of Government and People (PressTV - April 2012)
- Second phase of subsidy reform (PressTV - July 2012)