Government Subsidies and Demand for Petroleum Products in Iran

Salehi‐Isfahani, Djavad

doi:10.1177/014459879701500216

Cited by 1 publication

(1 citation statement)

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“…In the case of Iran, however, it is claimed that the transfer programme had an inflationary bias from the outset. This claim is based on the fact that the Targeted Subsidy Office in charge of cash transfers ran a deficit of 25 per cent in the first year of its operations, which was financed by government borrowing from the Central Bank (Hassanzadeh 2012, IMF 2014, and Salehi-Isfahani 2017. It should be noted however that a considerable part of energy price increases did not accrue to the TSO, but covered deficits in other state sectors.…”

Section: The Inflationary Impactmentioning

confidence: 99%

Basic Income by Default: Lessons from Iran’s Cash Subsidy Programme

Karshenas,

Tabatabai

2023

Exploring the Basic Income Guarantee

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This paper considers Iran's nationwide universal cash transfer programme which was launched in December 2010 as compensation for massive cuts in subsidised prices of energy and other basic products. We focus on the unusual manner in which the programme emerged and its potential lessons. Of particular interest is the impact on incomes and expenditures, labour supply, inflation, income distribution and poverty in the immediate aftermath of the launch of the programme, as well as its implications for similar schemes such as financing a UBI by carbon taxes. Given an extremely adverse broader environment however, the programme, while still continuing after eight years, has lost much of its lustre as the purchasing power of the transfers has been largely wiped out through inflation.

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Section: The Inflationary Impactmentioning

confidence: 99%