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$2.8b Proposed for Bond Repayment in Iran's Next Budget

$2.8b Proposed for Bond Repayment in Next Budget  $2.8b Proposed for Bond Repayment in Next Budget


Proposed funding in the next year budget plan for the principal amount and interest on bonds issued the by government in the current fiscal (ends March 2019) is 304 trillion rials ($2.8 billion). 
As per the provisions, 192 trillion rials ($1.8 billion) will be allocated for settling the principal sum of the bonds while 62 trillion rials ($585 million) would be paid in interest. 
According to Note 5 of the proposed budget, the government is allowed to issue up to 50 trillion rials ($ 471 million) in Islamic bonds and allocate the earnings to the settle the principal and interest on bonds that mature in fiscal 2018-19.
 

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