Bourse Council Member Decries Gov't Dominance in Debt Market

A member of the High Council of Securities and Exchange, the capital market policymaking body, criticized the government predominant role in the debt market that is depriving the private sector of much-needed financial opportunities. 
"The debt market is [and should be] a venue for helping manufacturing and infrastructure projects by private companies and the government. But it is only the government that sells bonds to fund its spending needs," Shahin Cheraghi said in a note on his Twitter account. 
Iran's bond market has grown exponentially thanks to government moves to tap debt instruments to help cover the bulging budget deficits.