Gov’t Sold $3.5 Billion Debt Last Year

The government sold 906 trillion rials ($3.5 billion) bonds in 36 weekly auctions during the last fiscal year that ended on March 20. 
Compared to the year before, the amount was down 27%, according to data released by shada.ir, the news agency affiliated to the Economy Ministry. 
The auctions started in May 2020 in line with government policy to raise funds for its huge budgetary deficits.