NCRI – The Iranian regime’s Minister of Economy acknowledged the fact that those benefiting from financial corruption, money laundering, royalty benefits and refusing to pay financial debts are against the reformation of economic structures.
The fact that Iran’s economy is dependent on oil revenues is no secret suddenly discovered by Ali Tayeb Nia, Iran’s Minister of Economy and Finance. However, his remarks in the 10th annual “Iran’s Financial and Tax Policy Conference” held in Tehran University’s School of Economics, reveals the Iranian economy’s poor status and the opposition stances preventing the reformation of Iran’s financial and tax system, according to this minister.
The official IRNA news agency issued a report on this minister’s remarks in the referred conference, discussing the interference of destructive forces whose objective is to prevent any structural reformation in Iran’s economy, while this economy is dependent to revenues rendered from crude oil exports.
Tayeb Nia referred to the period when Iran was under sanctions, when it was made crystal clear how Iran is completely dependent on oil revenues. The ups and downs seen in the price of oil practically had a destructive effect on financial accounts in the economy of those countries dependent on petrodollars.
After eliminating the effects of oil-generated revenues, Iran’s non-oil sector in the economy witnessed a growth of less than 1%. The International Monetary Fund report practically confirms Tayeb Nia’s comments on the country’s dependency on oil revenues.
One of the aftereffects of an economy dependent on oil revenues is the rise of state-owned companies.
“The existence of state-owned companies, such as renting practices, membership in board of directors, local officials hiring employees, providing the expenses of individuals’ foreign trips, percentage practices and …,” he added.
