Iran can compensate budget deficit
TEHRAN, Iran, Feb.14
Iranian government has a good capacity to provide the budget deficit by selling debt securities, said the Central Bank of Iran (CBI) Governor.
"The CBI's participation in trading of official securities at the secondary market and implementation of monetary policy can be more useful than previous methods that caused inflation," said Abdolnaser Hemmati in his Instagram post, Trend reports citing IRNA.
Earlier, Iran's Planning and Budget Organization released a report indicating that selling debt securities would have lower risk in attracting financial resources and can compensate the loss of resources in budget.
Implementing sustainable sources of the government from the sale of securities would help the deficit in the future, Hemmati wrote.
Iran's estimated total budget plan for next Iranian year (begins March 21, 2020) is $473 billion, and about $115 billion is provided for government public budget.
The budget resource for the government is $134 billion; $115 billion of the figure will be obtained from public sources and $18 billion from private sources.