Iranian Rouhani criticises predecessor for abusing $800 billion revenue

Iranian Rouhani criticises predecessor for abusing $800 billion revenue

Azerbaijan, Baku, Oct. 28 /Trend, N. Umid

Iranian president Hassan Rouhani has criticised former President Mahmoud Ahmadinejad for abusing around $100 billion of the country's annual revenue, Iranian State TV IRINN reported.

It should be noted that Iran's oil and gas export incomes during Ahmadinejad`s two-term presidency (2005-2013) reached some $800 billion.
The administration spent some $640 billion of that on importing goods, until the end of the last solar year ended March 21.

Later in July, Rouhani advisor and caretaker of the High Council of Iranian Affairs Abroad, Akbar Torkan said that some $800 billion of spent assets is Ahmadinejad`s gift to Rouhani.

On October 21, Rouhani reported that the previous administration's debts to the banks, private sector and contractors amounts to 1800 trillion rials, some $72.5 billion based on the official rate of 24,820 rials/USD.

The Central Bank of Iran (CBI) announced that during the Ahmaninejad`s administration, Iranian bank debts to the CBI faced a 13.6 increase, while government debts to the CBI increased by 2.6 times.

The money base and liquidity also increased by 4.4 and 5 times respectively which led to 40 per cent inflation rate, the report said.

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