Fiscal Policy Not Proactive

The ever-expanding money supply and the rising consumer price inflation are products of the domination of fiscal policies over monetary policies, head of the Central Bank of Iran economic department said. 
"Fiscal policy supremacy over monetary policy and the lack of independent monetary policymaking have always been a monumental challenge for our economy" Peyman Qorbani was quoted as saying by the news agency of the Monetary and Baking Research Institute. 
The unwanted and unhelpful trend is deeply rooted in the overreliance of national budgets on oil export, Qorbani said.