Iran spends 23.9 billion USD on economic support

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According to the Middle East Monitor, Iranian President Hassan Rouhani announced that the government has allocated a budget of up to $ 23.9 billion to support the economy amid the widespread Covid-19 epidemic in the country.
Iran spends 23.9 billion USD on economic support
Deserted scene on a street by Covid-19 epidemic in Tehran, Iran on March 25. Photo: THX / TTXVN

In this emergency budget package, about US $ 3 billion will be poured into the health sector, and US $ 1.2 billion will be used to establish a fund to cover unemployment costs. About US $ 17.8 billion will be provided to businesses in the form of low interest loans. The Iranian government will also provide cash as‌sistance to low-income families with a total of 1.9 billion USD.

President Rouhani said the government would allocate an amount equivalent to 20% of the annual state budget to support areas and people severely affected by the disease. 

Rouhani also reassured people by as‌serting that Iran had a healthy health care system and could cope when the disease spread quickly. State health insurance will cover 90% of the costs as‌sociated with the disease.        

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