Iran Scraps Cash Handouts to the Country's Wealthy in Efforts to Ease Burden on Government

Iran has scrapped the country's wealthiest citizens off a list of people receiving monthly cash handouts in a small step toward easing the burden on the budget and freeing up more government funds, an official said Wednesday. The move, which will free up about $3 million a month of government money, is the latest in Tehran's efforts to juggle cash and wean the nation off subsidies in an oil-dependent economy suffering from a steep drop in global oil prices.

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