Iran’s government debt to the Central Bank increased by 71 percent in one year.
The Central Bank of Iran says the government’s debts to the bank jumped by 71 percent in January last year compared to the same month in 2022.
According to the report published on the Central Bank’s website, Ebrahim Raisi’s government had about 298 trillion tomans of debt to the Central Bank in January last year.
In addition to the government itself, state-owned companies also owe 87 trillion tomans to the Central Bank, and the mentioned figures are only a small part of the government’s debt to the country’s banking system.
The Central Bank’s report shows that the total debt of the government and state-owned companies to the Central Bank and other banks in the country soared to an astronomical 1,268 trillion tomans in January last year, which is 56 percent more than January 2022.
Such a significant leap in the growth of government debt to the banking system comes despite Ebrahim Raisi’s campaign promise to stop government borrowing from the country’s banks.
Since Ebrahim Raisi’s government came to power, the government’s debt to the country’s banking system has almost doubled.