{"id":310041,"date":"2023-07-25T20:51:05","date_gmt":"2023-07-25T19:51:05","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/?p=310041"},"modified":"2023-07-25T20:51:05","modified_gmt":"2023-07-25T19:51:05","slug":"tehrans-regime-is-on-the-verge-of-economic-bankruptcy-why-the-world-should-care","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/economy\/tehrans-regime-is-on-the-verge-of-economic-bankruptcy-why-the-world-should-care\/","title":{"rendered":"Tehran\u2019s Regime Is on the Verge of Economic Bankruptcy\u2014Why the World Should Care"},"content":{"rendered":"

\"iran<\/p>\n

During her meetings with members of the Italian Parliament and NGOs, the President-elect of the National Council of Resistance of Iran Mrs. Maryam Rajavi was invited to address a session at the Luigi Einaudi Foundation<\/a>\u2014an esteemed cultural, political, and economic research institution in Torino. In her speech, she shed light on the profound economic and social crises gripping Iran, which have been exacerbated by the ruling regime.<\/p>\n

One pivotal question that Ms. Rajavi raised was why, despite having vast wealth at its disposal, is the clerical regime failing to solve some of the country\u2019s economic problems and alleviate the explosive discontent within Iranian society.<\/p>\n

Mrs. Rajavi pointed out that a significant portion\u2014up to half\u2014of Iran’s gross domestic product is siphoned into the financial and commercial activities of companies and foundations directly connected to the Supreme Leader and the Islamic Revolutionary Guard Corps (IRGC). These entities wield immense economic power in Iran, both in terms of sheer influence and financial clout.<\/p>\n

Yet, they are exempt from taxes, and their profits remain isolated from the broader economy. In fact, they consume 25 to 30 percent of the government’s annual budget, further compounding the economic challenges faced by the Iranian people. Additionally, the IRGC and the Supreme Leader’s foundations acquire massive loans from banks, which they rarely repay.<\/p>\n

As a consequence, the nation’s banking system teeters on the edge of bankruptcy. These ill-conceived policies have resulted in almost negligible economic growth over the past decade, with an annual budget deficit exceeding 50 percent and a soaring inflation rate reaching around 70 percent.<\/p>\n

Mrs. Rajavi also highlighted other pressing economic crises, such as the depletion of the National Development Fund<\/a>, high unemployment rates, exorbitant expenditures on the IRGC’s nuclear and missile programs, sponsorship of terrorism, inadequate energy supply, and environmental challenges, notably the scarcity of clean water. She argued that the regime, driven by its thirst for power, continuously impoverishes and deprives the Iranian people. Consequently, it ignites ever-increasing dissent, culminating in an economic situation reminiscent of the final stages of a religious dictatorship.<\/p>\n

Mrs. Rajavi’s insights provided crucial context and understanding of the challenges faced by Iran and its people, shedding light on the need for meaningful change and the pursuit of a more equitable and stable future for the nation.<\/p>\n

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Poverty has become widespread; starvation has affected millions. Unemployment and loss of jobs have enraged the public. Daily bankruptcy of businesses has destroyed many families. Women and youth are perishing from repression and deprivation. #IranProtests<\/a>https:\/\/t.co\/9FxDpsMCdG<\/a> pic.twitter.com\/eDKhlwpkQm<\/a><\/p>\n

— Maryam Rajavi (@Maryam_Rajavi) July 22, 2021<\/a><\/p><\/blockquote>\n