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More money diversion:

It said that after the government privatized the Hormuzgan steel plant, it was supposed to use the proceeds on an industrial project.  But instead it used the funds to cover national welfare payments.  The welfare program is said to be costing far more than the available funds and every few weeks there is another story about how the government is scrounging for funds to keep the program—which pays cash to every citizen—afloat.

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