Iran has been a hectic place for a while
now and it is about to get a little bit worse. This country has always had a government
that focuses on gas because it is a main export and import to the country.
“Iran will start cutting petrol
subsidies this week, an official said on Monday, a move that will test
President Hassan Rouhani's public support as higher petrol prices add to
inflation in a country already squeezed by economic sanctions”(Aljazeera). This
is supposed to help the give a little extra money for the government and use it
in the development of the country. “Reducing state borrowing from banks so they
can lend more to the private sector and to encourage energy efficiency”. This
emphasizes how much the government relies on petroleum.http://www.aljazeera.com/news/middleeast/2014/04/iran-start-cutting-petrol-subsidies-201442118503866597.html
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