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Geopolitics

Iranian Economists Chide Tehran's 'Clumsy' Fiscal Policy

Several reform-minded Iranian economists say President Rouhani's government has been unable to curb inflation, shore up the currency or even absorb liquidity through constructive taxation.

A man walking past a currency exchange shop in Tehran
A man walking past a currency exchange shop in Tehran

Iranian economists are sharpening their criticisms of government policies on inflation and excess liquidity, in an economy distorted by decades of arbitrary decisions, cronyism and intermittent sanctions imposed by Western states.

Hossein Raghfar, a lecturer at the Alzahra University, a public university for women in Tehran, says the state had become just a "big machine" dishing out perks, favors and "status' to its supporters. He said "it gives out positions to its affiliates and fits them into this structure, so they can exploit its resources. That is not what a modern government does."

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Lisa Berdet, Lila Paulou, Anne-Sophie Goninet and Bertrand Hauger

👋 Sveiki!*

Welcome to Thursday, where more Ukrainian soldiers surrender in Mariupol, Sri Lanka defaults on its debt,and George W. Bush offers an epic geopolitical gaffe. Meanwhile, Lili Bai in Chinese-language digital media The Initium looks at what’s driving the current “expat exodus” at play in Shanghai.

[*Latvian]

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