Government borrowing from the Central Bank of Iran in the form of discretionary funding has declined sharply, the Economy Ministry said.
Based on ministry data, the government took 16.3 trillion rials ($53 million) for discretionary spending in the first two months of the current fiscal year that started in March.
“This was down 95.4% compared to the first two months of last year when it borrowed 358.8 trillion rials [$1.1 billion] from the CBI for deficit spending,” the ministry said on its news website, Shada.ir.
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