Will Iran’s Devastated Economy Follow Through on Raisi’s Promises?
On the last day of the Nowruz celebrations in Iran, the holy month of Ramadan began. Yet, despite the country’s worst economic crisis in decades, the Iranian people’s tables are still empty. Corruption, ineptitude, and recalcitrance are all contributing to the regime’s deepening economic woes, with the latter increasing the country’s international isolation and thus exacerbating its deep economic crises. Though the country’s tightly controlled state media and ministries manipulated and downplayed some facts, they shed light on the situation.
The state-run Mardom Salarie daily reported on April 7 that “14 million people in the country do not have decent jobs.” The minister of cooperatives, labor, and social welfare stated, This is in addition to the millions of unemployed young people with a degree. The regime’s Ministry of Cooperatives, Labor, and Social Welfare released an official report on Iran’s poverty line and impoverishment for the first time in August 2021.
“According to the data, the poverty line rose by 38% in 2020 compared to 2019.” The report, which was published on April 2 by the state-run Sharq daily, found that rising food and housing prices were the most important factors in lowering the poverty line in 2020.
Ebrahim Raisi attempted to portray himself as the “savior” of Iran’s crippled economy, best known for his role in the massacre of 30,000 political prisoners in 1988. Counting on an unscrupulous mass murderer like him to keep a regime afloat in the face of a volatile society is like asking an arsonist to put out a fire.
Because he lacks any meaningful plans, Raisi has been making empty promises, abruptly visiting factories, making irrelevant comments, and issuing absurd orders, such as eradicating poverty in two weeks.
“Poverty has had enough of promises that aren’t fulfilled.” While MPs claim that each minute of parliament costs one billion rials, the result of these pointless gatherings is a sharp increase in the price of basic goods. In other words, you sour people’s memories of poverty,” admitted the state-run Hamdeli newspaper on April 5.
“Despite the government’s many promises to quickly revitalize and improve the country’s economic indicators, after seven months, inflation hovers around 40%, liquidity increased by more than 46%, unemployment is more than 12%, and we have the ever-widening gap between social classes,” the result of Raisi’s government was summed up in an article published on April 2.
“Despite [officials’] promises of lower inflation, liquidity, and economic growth, the facts on the ground, as seen by the public, contradict these promises.
The Iranian people have been promised a variety of things, including putting the proceeds of Iran’s vast oil wealth “on people’s tables,” “signing a deal with world powers to end economic woes,” and “combating corruption.” They are aware, however, that their misery is a result of the regime’s failed policies.
Protests by Iranians of all walks of life are sweeping the country, marking the most widespread expression of discontent since the country’s recent uprisings. These protests, combined with the country’s economic woes, have alarmed state media and officials, reviving the regime’s tumultuous uprising in November 2019.
“Unfortunately, as a result of the numerous issues, society’s tolerance is eroding on a daily basis.” On March 27, the state-run Sharq daily quoted economist Mohammad Razaghi as saying, “This has created a fragile situation for society, to the point where I’m concerned about the possibility of a social eruption due to livelihood crises.”