Iran Focus: Tehran, Iran, Dec. 10 Irans annual revenue from oil and gas sales has reached 120 billion dollars, state television reported on Saturday. Iran Focus
Tehran, Iran, Dec. 10 Irans annual revenue from oil and gas sales has reached 120 billion dollars, state television reported on Saturday.
The report, which quoted the head of the Majlis (Parliament) Energy Committee, said that $45 billion from the income was being allocated for government subsidising of goods, in particular gas.
Irans hard-line cabinet has faced strong criticism by many economists who say the sharp rise in government spending, financed by the countrys burgeoning oil revenues, is fuelling inflation; thus, leading to more poverty.
Despite Irans huge oil revenues, poverty and homelessness are ubiquitous features of the Iranian metropolis, with thousands of homeless persons spending the night in the bitter cold without any shelter. Irans state-run media call the homeless kartonkhabha, literally meaning those who sleep on cardboards.
