TEHRAN, Iran, Dec.21
Trend:
Iran will reach a 12-percent economic growth, if the there's an agreement in Vienna talks, former CEO of Saderet Bank of Iran Ahmad Hatami Yazdi told Trend.
He went on to note that Iran's target revenue figures from exports of oil and gas are unlikely to be achieved, unless there's a result in nuclear negotiations.
"The government predicted to export 1.2 million barrels of oil per day based on $60/barrel, which is unlikely," he explained.
Speaking about the projected tax revenues, Yazdi said the factories across country couldn't gain sufficient profit since they're in recession and have shortage of foreign currency.
"Imports are declining due to foreign currency shortage, and importers can not pay target customs fees," he said.
Yazdi also pointed out that every administration in Iran in the past four decades has increased liquidity, printed money to compensate for budget deficit.
"Currently, there's no hope for reforming the budget structure, and the only way out is to reach an agreement in Vienna. This would help increase oil sales and get foreign currency revenues from exports," Yazdi said.