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How is oil export money spent?

Mohammadreza Sabzalipour, Director of the World Trade Center

According to the law, 14.5 percent of oil export revenue goes to the NIOC, 37.5 percent goes to the government treasury, and the remaining 48 percent is the share of the National Development Fund. However, the budget bill shows that not even all of that 37.5 percent of oil revenue belongs to the government, but rather the government is only one of the “beneficiaries” of this amount!!

According to paragraph A of Note 3, out of the 1,196 Hemat 1,196 thousand billion Tomans of the government’s share of the revenue from the export of crude oil, condensate, and gas, only 509 Hemat is allocated to the government. Another 561 Hemat is the share of the armed forces, and 126 Hemat is to be spent on “special projects” of various institutions!!

Naturally, with 509 Heat of oil revenue, the country is facing severe problems! That is why the government has already decided to take 28% of the 48% share of the National Development Fund from oil exports, or, as the saying goes, “borrow” it from the Development Fund!!

Of course, it is impossible that the officials of the National Development Fund see the repayment of these government loans, especially in the form of foreign currency!!

The budget deficit for 2025 is unprecedented and unimaginable!

He said about the budget deficit: The budget deficit for 2025 is very high!! I predict a figure of about 2000 Hemat for next year’s budget deficit. Such a budget deficit has never been seen before in our country. In fact, with this situation, more than 30 percent of the budget will become a budget deficit. In this regard, I should point out the consequences of the budget deficit on macroeconomic indicators and remind you that the budget deficit leads to inflation growth and neutralizes anti-inflation policies in the country.

 

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