March 12, 2018 20:29

Government’s Top 5 Creditors

SSO is the biggest creditor to the Iranian government, as the organization accounts for 33% of the government’s total debts (about $33 billion)

The money the government owes to the Central Bank of Iran comprises 15% of its total debts.

Islamic Treasury Bill holders constitute the second largest group of creditors to the government, who make up 16% of the government’s overall debts

The Social Security Organization, Islamic Treasury Bill holders, the Central Bank of Iran, and public and private banks top the list of government creditors.
The Ministry of Economic Affairs and Finance added that SSO is the biggest creditor to the Iranian government, as the organization accounts for 33% of the government’s total debts, IRNA reported.
Recently, the Persian daily Shargh put the government’s outstanding debt to SSO at over 1,500 trillion rials (about $33 billion).
As the government’s indebtedness to SSO is scaling new heights by the day, the organization is now in great distress.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

https://financialtribune.com/node/83501Click to copy the urlCopied

Republishing Guidelines