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Issuance of Bonds Vital for Tackling Budget Deficit

Issuance of Bonds Vital for Tackling Budget Deficit
Issuance of Bonds Vital for Tackling Budget Deficit

The only optimal solution to finance the budget deficit is by issung bonds. This is not a half-baked, untested claim; it is the finding of a hundred-year global experience in monetary and financial policymaking. 
Ali Saedvandi, a macroeconomics policy advisor and finance professional, prefaced his article for the Persian economic daily Donya-e Eqtesad with these words. A translation of the text follows:
Economists believe that financial, budgetary policymaking should be separated from monetary policymaking. The best tool to separate these two is by tapping into the potential of bonds to finance budget deficit. 
In all developed countries, government budget deficits are fixed through bond issuance. It is not strange to solve the budget deficit by issuing bonds; rather “not issuing bonds” is untypical. And untypical moves are usually being taken in our country!

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