NCRI – Iran has earned a massive $863.5 billion during the eight years of Mahmoud Ahmedinejad’s presidency as three-quarters of the population are struggling to meet their basic needs, it was revealed.
The figures were released by the Khabar Online website on March1, which has links to Iranian parliament speaker Ali Larijani indicate that Iranian regime has earned $299 billion during the second term of Ahmadinejad.
The report said the total oil export income during two terms of Ahmadinejad (2005-2012) sums up to $578 billion which is $145 billion more than the total oil income 14 years period from 1981-2004.
The report said: “Oil exports have not been the country’s only income in this government. Sales of bonds, tax incomes and privatization are among the other main sources of income.
“The total revenue, taking into consideration the dollar exchange rate during the years 2005 to 2012, show that government (during two terms of Ahmadinejad) has gained an income of about $863.5 billion.”
This is while according to a regime official three-quarters of the population are struggling to meet their basic needs.
The regime’s policy of pumping cash into the economy had set prices rocketing and devalued the currency, the head of Tehran’s Chamber of Commerce Yahya Al-Ishaq said on March 25.
He told the state-run Fars news agency that instead of investing in jobs and production, the regime simply handed out cash – a policy called a ‘distributive economy’.
According to Iranian economic experts, the amount of cash supply has increased seven-fold during Ahmadinejad’s time in office, he said.