Business And Markets

Bonds High on Budget Bill

Bonds High on Budget Bill Bonds High on Budget Bill

The government hopes to sell bonds worth about 750 trillion rials ($3 billion) in the 2021-2022 fiscal year.
As per the new budget bill sent to parliament on Wednesday, the government said it intends to offer bonds worth 230 trillion rials ($920m) "to fund spending, including for completing development projects". 
The government is also allowed to issue bonds up to 100 trillion rials ($400m) to pay the principal and interest on matured bonds issued as per previous budgets, according to the draft budget published by the Plan and Budget Organization.     


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