Majlis Expands Gov’t Bond Package in 2022-23 Budget

The parliament late on Tuesday approved parts of the 2022-23 budget bill that sets government revenue from bonds.
Accordingly, state-owned companies can issue a maximum of 100 trillion rials ($386 million) in debt for projects "that are technically, economically, financially and environmentally viable."
Companies issuing the bonds must guarantee the reimbursement, the parliamentary news website ICANA reported.