The government unveiled a thorough budget plan designed ​to mitigate the impact of a confluence of economic challenges, including the nation’s most severe‍ drought in‍ 50 years, declining global oil prices,⁤ and increased international sanctions. President⁢ Pezeshkian addressed the nation, ⁤acknowledging the tough economic climate but emphasizing resilience built through public unity and⁤ strategic leadership.

Stabilizing essential Goods ‌and Supporting Households

A ​key component of the plan is a nationwide commodity voucher⁤ program intended⁢ to shield citizens from rising⁢ living costs. The government has ‍pledged to cover ⁢any ‌increases in the‍ prices of essential goods, ensuring affordability across all income levels.⁤ This intervention aims ⁣to directly​ address inflationary pressures and maintain social stability.

Important fiscal adjustments​ will also​ provide direct relief to citizens. Individuals earning below a certain income threshold will be fully exempt from income tax, while those ‍with mid-level incomes will face a reduced tax rate ⁢of just 10 percent. ⁤These measures are designed to increase disposable ⁣income and stimulate economic activity at ‍the household​ level.

Boosting Pensions and Investing in Social Programs

Retirement pensions are slated to increase by an average of 36⁢ percent, providing crucial support to‌ senior‍ citizens. Furthermore, a dedicated fund, financed by value-added tax revenues, will be established to​ further​ alleviate ‌household ‌financial burdens. This ⁤demonstrates a commitment to ⁤protecting vulnerable populations during ‌times of ⁤economic uncertainty.

The ⁣budget also prioritizes investments in ‍critical social services. considerable increases ⁤have been allocated to maternal support⁤ programs, student nutrition initiatives, school transportation, and healthcare services. These resources will be notably focused ⁤on supporting underprivileged provinces,⁣ aiming ‍to reduce regional disparities ⁣and promote equitable access to⁣ essential‌ services.

President⁣ pezeshkian concluded by reaffirming the ⁣government’s unwavering commitment to ⁢citizen welfare and social equity, even amidst ⁤ongoing ⁤economic “storms.” The plan ⁢signals a proactive approach to navigating complex economic ​challenges and safeguarding the⁣ well-being of the⁤ population.