Ahmadinejad backtracks on energy, food subsidies bill

Ahmadinejad backtracks o

By
November 3, 2009 10:56

Iranian President Mahmoud Ahmadinejad is backtracking on his plan to cut energy and food subsidies, according to an Iranian state radio report. In rare criticism, Parliament had blasted the plan to cut the subsidies in a country that already is dealing with fuel rationing and skyrocketing prices. In comments broadcast Tuesday, Ahmadinejad said: "We will take back the bill." Iran's president portrayed himself as a champion of the poor when he swept to power in 2005, promising to use the country's oil wealth to eradicate poverty.


Related Content

Breaking news
August 25, 2019
China to fight back against U.S. tariff move

By REUTERS

Cookie Settings