Minister Denies Gov't Borrows From CBI to Fix Budget Deficits

April 6, 2021
government

T he economy minister Monday denied reports that the government borrowed from the Central Bank of Iran to cover its huge budget deficits in the last fiscal year (March 2020-21).

'The government did not borrow a rial from the CBI last year,' Farhad Dejpasand told ICANA, the news agency affiliated to the Majlis.

However, he said the central bank was compelled to 'inject money as per budgetary obligations to be able to access financial resources from the National Development Fund of Iran [the sovereign wealth fund]'.

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