The reason for this year’s inflation was the financial indiscipline of the banks.
The Vice Chairman of the Parliament’s Joint Commission said that the Plan and Budget Organization has provided a good budget to the Parliament this year. A realistic budget has been considered, and hopefully, the budget deficit will be low. This year, the banks exhibited a lot of financial indiscipline, which unfortunately resulted in high inflation. We could have achieved an inflation rate below 30% given the good budget provided by the government for the year 1401 and approved by the Parliament, if it weren’t for the banks’ indiscipline.