Liquidity exceeded "4400 trillion tomans" in December

New statistics from the Central Bank of Iran show that liquidity increased by about 360 trillion tomans during the presidency of Ebrahim Raisi, reaching 4,427 trillion tomans in December of this year.

These statistics, published on Sunday, February 17, show that liquidity in December increased by more than 41 percent (equivalent to nearly 1,300 trillion tomans) compared to the same month last year.

Government debt to the Central Bank has increased by about three percent in the 13th government, reaching more than 202 trillion Tomans, but overall public sector debt to all banks in the country has decreased by three percent.

Central Bank statistics show that government debt to the Central Bank and the country's entire banking system grew by 21 percent and 37 percent, respectively, in December compared to the beginning of this year.

Liquidity is the most important factor in inflation in the country, and one of the main slogans of the Ebrahim Raisi government has been not to borrow from the Central Bank and to avoid forcing the Central Bank to print banknotes to compensate for the budget deficit.

A report has not yet been published on why liquidity is increasing, as well as how the Raisi administration will compensate for its budget deficit, but there are other ways, such as borrowing from the National Development Fund and issuing bonds to cover the budget deficit.

Source: Radio Farda