Iranian government’s debt to the Central Bank increased by 71% in one year

IranGate
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Iranian government's debt to the Central Bank increased by 71% in one year

Iran’s government debt to the Central Bank increased by 71% in one year.

The Central Bank of Iran says the government’s debts to this bank in the month of Dey last year had a 71% jump compared to the same month in 1401.

According to the report published on the Central Bank’s website, the government of Ebrahim Raisi had about 298 trillion tomans in debt to the Central Bank in the month of Dey 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 portion 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 reached a staggering 1,268 trillion tomans in the month of Dey last year, which is 56% higher than Dey 1401.

Such a significant surge in the growth of government debt to the banking system comes at a time when Ebrahim Raisi had promised to halt government borrowing from the country’s banks during his election campaign.

Since Ebrahim Raisi’s government took office, the government’s debt to the country’s banking system has almost doubled.

Persian

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