"Our problems have worsened dramatically": Pezeshkian admits economic crisis
The Iranian President said during a meeting with government bodies that his country is unable to sell oil at previous levels and that state revenue from industrial taxes has plummeted. "We cannot collect taxes from factories, and not only that, we have to give them money so they can remain operational," the president admitted.
Iranian President Masoud Pezeshkian stated that Iran's economic problems have worsened sharply amid the ongoing conflict with the USA and Israel.
During a broadcast meeting of government bodies, the president explained that the rise in prices stems from higher import costs and a decline in state revenue caused by a drop in oil sales. According to Iranian sources, Pezeshkian had previously threatened to resign due to the growing economic crisis in the country.
"Imported goods previously entered Iran through more direct routes, but now they pass through longer and more expensive routes, which raises prices. The decline in oil sales has cut government revenue, as Iran is unable to sell oil at previous levels," Pezeshkian admitted.
The Iranian leader noted that damage to industrial facilities has added to the economic pressure, as many factories were damaged or destroyed during strikes involving Israel and the USA. This destruction has also reduced tax revenue, leaving the government struggling to collect payments from affected businesses.
"We cannot collect taxes from factories, and not only that, we have to give them money so they can remain operational. Our problems have worsened dramatically, while our income has dropped," said the president.
The economic crisis is being felt acutely by the citizens. Last week, reports emerged that a long list of products in supermarkets has been placed under rationing. The "Iran International" network reported that stores have placed limits on the quantity of rice bags that can be purchased, and that retail chains are now allowing customers to buy rice on installment plans.
