The Iranian government’s debt to the Central Bank increased by 71% over one year
The Central Bank of Iran says that the government’s debts to this bank in December of last year had a 71% jump compared to the same month in the year 1401
According to this report, which was published on the Central Bank’s website, the government of Ebrahim Raisi had about 298 trillion tomans of debt to the Central Bank in December of last year
In addition to the government itself, state-owned companies also owe 87 trillion tomans to the Central Bank, and the mentioned figures are only a small part of the government’s debt to the country’s banking system
The Central Bank’s report shows that the total debt of the government and state-owned companies to the Central Bank and other banks in the country in December of last year reached the astronomical figure of 1268 trillion tomans, which is 56% more than December 1401
Such a large jump in the growth of government debt to the banking system comes despite Ebrahim Raisi having promised to stop government borrowing from the country’s banks during his election campaign
Since the government of Ebrahim Raisi came to power, the government’s debt to the country’s banking system has almost doubled