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Iran sees increase in public debt

Finance Materials 14 July 2022 13:51 (UTC +04:00)
Iran sees increase in public debt
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, July 14. The debts of the Iranian public sector to the Central Bank of Iran (CBI) increased by 1.5 percent at end of the 2nd month of the current Iranian year (May 21, 2022), compared to the end of the same month of the last Iranian year, Trend reports via statistics of the CBI.

According to the statistics, Iranian public sector debts to the CBI amounted to 1.9 quadrillion rials (about $45.3 billion) at the end of 2nd month.

Meanwhile, in the same period last Iranian year, the figure stood at 1.88 quadrillion rials (about $44.6 billion).

“Furthermore, the government's debts to the Central Bank of Iran amounted to 1.34 quadrillion rials (about $31.8 billion) at the end of 2nd month, which is a decrease of 11.4 percent compared to the same period last Iranian year. Thus, this figure amounted to 1.51 quadrillion rials (about $36 billion) in the same period last Iranian year,” the statistics said.

The debts of state-owned companies and enterprises to the CBI amounted to 566 trillion rials (about $13.5 billion) at the end of 2nd month.

This is an increase of 55.1 percent compared to the same period last Iranian year. So, the figure was 365 trillion rials (about $8.68 billion) in the same period last Iranian year.

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