Baku, Azerbaijan, Feb. 20
By Fatih Karimov – Trend:
The Iranian government's debts reached 7 quadrillion rials ($216 billion, as 32,394 rials make one USD) by Jan. 20, the country’s economy ministry, reported.
The figure includes debts of government and state-run companies, according to the report.
Iran recorded a government debt equivalent to 16.36 percent of the country's Gross Domestic Product in 2015.
Government Debt to GDP in Iran averaged 15.31 percent from 1996 until 2015, reaching an all time high of 22.67 percent in 1996 and a record low of 8.93 percent in 2011.
The figure is estimated to stand at 30-50 percent by Jan 20.
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
...