A Central Bank of Iran report said the government’s debt to the banking sector increased by 50.8% in the last fiscal year that ended in March.
Government debt to the central bank reached 1,152.3 trillion rials ($4.68 billion) by the end of the last fiscal year. It owed almost 764.3 trillion rials ($3.1 billion) the year before.
A QoQ comparison of data indicates 3.31% growth in government debt to the CBI. Government-affiliated companies and organizations account for 341.1 trillion rials ($1.38b) of the total debt, indicating a 13.5% decrease year-on-year.
Total government debt to the banks reached 3,969.7 trillion rials ($16.1b) by the end of last year -- up 35.4%. Companies owned or affiliated to the government accounted for 146.8 trillion rials ($896.7 million) of the debts up 99.5% y/y.
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