Ahmadinejad’s debt problems spread to other parts of economy


While the government of the mullahs’ President Mahmoud Ahmadinejad is grappling with a $140 billion debt, various parts of the economy and social services are taking huge blows.

According to a Aftab state-run news agency, 750,000 farmers have lost their jobs during the past five years alone. Aftab said that the latest reports and statistics by the regime show that bank credits to farmers are severely restricted and despite rising inflation, the government buys agricultural products like rice and wheat at cheap prices citing dubious pretexts.

At the same time, other agricultural products, particularly fruits, are being imported in an unbridled fashion, which leads to more unemployment in the industry.

Separately, 120,000 teachers have also lost their jobs, according to Arman newspaper. This week, a number of teachers protested to the decision by gathering in front of the regime’s Majlis (Parliament).

Meanwhile, the regime’s prisons are unprecedentedly overcrowded. Recently, the head of the regime’s Prisons Organization said there are over 205,000 people behind bars in Iran, warning that “if the trend were to continue, a serious human catastrophe will be in the works.”

According to the regime’s Prisons Organization statistics, while the average rate of prisoners in the world is 132 for every 100,000 people, “in Iran, there are 348 inmates for every 100,000 people.”

The Ahmadinejad government has also made a significant calculation mistake in declaring the banking system’s capacity to issue credits. According to the state-run Donyay-e Eqtesad on August 30, although the banks could issue 23 billion dollars in credit, the government declared the amount as 70-80 billion dollars, making a mistake of over 50 billion dollars.

Back to top button