The reason for this year’s inflation was the indiscipline of banks

IranGate
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The reason for this year's inflation was the indiscipline of banks

The reason for the inflation this year was the financial indiscipline of the banks.

The Vice Chairman of the Budget and Planning Organization’s Integration Commission has presented a good budget to the parliament this year. The actual budget has been seen, and God willing, there will be a small budget deficit. This year, the banks have been very financially undisciplined, which unfortunately led to high inflation. With the good budget that the government provided for the year 1401 and was approved by the parliament, we could have achieved inflation below 30 percent if it weren’t for the banks’ indiscipline.

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