A Close Look At Iran's Budget
Heshmat Alavi , CONTRIBUTOR Opinions expressed by Forbes Contributors are their own.
Iranian President Hassan Rouhani delivers a speech to muslims leaders and scholars at a meeting in Hyderabad on February 15, 2018. The Iranian president in on a three-day official visit to India. / AFP PHOTO / NOAH SEELAM (NOAH SEELAM/AFP/Getty Images)
A country’s budget is the government’s fiscal plan for that state for a period of 12 months. All the country’s revenue and resources to provide credit are forecasted, placed alongside anticipated costs and expenses. The intention of this piece is to provide a much-needed close examination of Iran’s budget.
Iran’s next fiscal budget (from March 2018 to March 2019) is equal to around $350 billion. How is this money provided for? In general, Iran’s budget is funded through oil, taxes, increasing bonds and eliminating cash handouts or subsidies.
Oil, a natural resource belonging to the Iranian people, is currently being plundered by the ruling mullahs for foreign expenditures.
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New satellite photos show Iran establishing another base in Syria http://fxn.ws/2ovDz99
7:40 AM - Feb 28, 2018
New satellite photos show Iran establishing another base in Syria
Iran has built another permanent military base outside Syria’s capital city complete with hangers used to store missiles capable of hitting all of Israel, according to Western intelligence sources.foxnews.com
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The second source of Iran’s budget is taxes. The government of President Hassan Rouhani has decided to increase taxes by 11%, equaling to $55 billion. This means Rouhani intends to take $55 billion out of the people’s pockets and use it for the government’s expenses. For a better understanding, we should compare these numbers to that of oil revenues.
Iran will have sold $50 billion of oil from March 2017 to March 2018, according to Deputy Oil Minister Amir Hossein Zamani. This means Iran’s regime seeks to extract $5 billion dollars more than their oil revenue in taxes from the people.
This is not an ordinary government with a live economy asking for people to pay their taxes. This is “Plundering 101” by Iran’s mullahs.
This is also something to think about for those European companies seeking to economic contracts with Iran, despite senior U.S. officials warning this being tantamount to sending a check to Iran’s Revolutionary Guards (IRGC). Moscow should also take this into consideration, especially after providing a major concession to Tehran this week.
Reuters Iran
✔@ReutersIran
U.S. threatens action against Iran after Russia U.N. veto https://reut.rs/2FaZwDI
4:11 PM - Feb 27, 2018
U.S. threatens action against Iran after Russia U.N. veto
The United States threatened unilateral action against Iran on Monday after Russia vetoed a western bid for the United Nations Security Council to call out Tehran for failing to prevent its weapons...reuters.com
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These taxes are being demanded from the Iranian people when the economy is already suffering under heavy recession. The country’s industry is literally nearing a complete halt.
In any other country undergoing such conditions taxes are relieved and the industry/production branch is provided necessary loans. Rouhani, however, is raising taxes.
Heshmat Alavi , CONTRIBUTOR Opinions expressed by Forbes Contributors are their own.
Iranian President Hassan Rouhani delivers a speech to muslims leaders and scholars at a meeting in Hyderabad on February 15, 2018. The Iranian president in on a three-day official visit to India. / AFP PHOTO / NOAH SEELAM (NOAH SEELAM/AFP/Getty Images)
A country’s budget is the government’s fiscal plan for that state for a period of 12 months. All the country’s revenue and resources to provide credit are forecasted, placed alongside anticipated costs and expenses. The intention of this piece is to provide a much-needed close examination of Iran’s budget.
Iran’s next fiscal budget (from March 2018 to March 2019) is equal to around $350 billion. How is this money provided for? In general, Iran’s budget is funded through oil, taxes, increasing bonds and eliminating cash handouts or subsidies.
Oil, a natural resource belonging to the Iranian people, is currently being plundered by the ruling mullahs for foreign expenditures.
Fox News✔@FoxNews
New satellite photos show Iran establishing another base in Syria http://fxn.ws/2ovDz99
7:40 AM - Feb 28, 2018
New satellite photos show Iran establishing another base in Syria
Iran has built another permanent military base outside Syria’s capital city complete with hangers used to store missiles capable of hitting all of Israel, according to Western intelligence sources.foxnews.com
215
276 people are talking about this
Twitter Ads info and privacy
The second source of Iran’s budget is taxes. The government of President Hassan Rouhani has decided to increase taxes by 11%, equaling to $55 billion. This means Rouhani intends to take $55 billion out of the people’s pockets and use it for the government’s expenses. For a better understanding, we should compare these numbers to that of oil revenues.
Iran will have sold $50 billion of oil from March 2017 to March 2018, according to Deputy Oil Minister Amir Hossein Zamani. This means Iran’s regime seeks to extract $5 billion dollars more than their oil revenue in taxes from the people.
This is not an ordinary government with a live economy asking for people to pay their taxes. This is “Plundering 101” by Iran’s mullahs.
This is also something to think about for those European companies seeking to economic contracts with Iran, despite senior U.S. officials warning this being tantamount to sending a check to Iran’s Revolutionary Guards (IRGC). Moscow should also take this into consideration, especially after providing a major concession to Tehran this week.
Reuters Iran✔@ReutersIran
U.S. threatens action against Iran after Russia U.N. veto https://reut.rs/2FaZwDI
4:11 PM - Feb 27, 2018
U.S. threatens action against Iran after Russia U.N. veto
The United States threatened unilateral action against Iran on Monday after Russia vetoed a western bid for the United Nations Security Council to call out Tehran for failing to prevent its weapons...reuters.com
107
99 people are talking about this
Twitter Ads info and privacy
These taxes are being demanded from the Iranian people when the economy is already suffering under heavy recession. The country’s industry is literally nearing a complete halt.
In any other country undergoing such conditions taxes are relieved and the industry/production branch is provided necessary loans. Rouhani, however, is raising taxes.
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