The 13th government cashed out government borrowing before the central bank

Ehsan Khandouzi, Minister of Economic Affairs and Minister, announced that the People’s Government had settled all 54,000 billion Tomans that the previous government had borrowed from the Central Bank in the first four months of 1400.

He said: The people’s government started working at the beginning of September 1400, when not only a large part of the government’s bond issuance and borrowing capacity was used, but also 54,000 billion tomans of salary was spent in the first months of the year, and The huge budget deficit that existed at the heart of the budget law from the beginning put a heavy strain on the government’s current and development expenditures. However, on March 20, the government managed to settle the previous government’s debt to the central bank.

In response to the success of the 13th government, Abdul Nasser Hemmati, the governor of the previous government in the previous government, in a tweet about how to settle the government’s salary from the central bank, criticized an issue that he has acted on in the past.

Hemmati, meanwhile, speculated on how the 13th government would settle the central bank’s salary by using blocked currencies and selling bonds, and criticized that he had settled the salary in the same way in the previous government in 1999!

But contrary to Hemmati’s tweet, the 13th government for the first time settled 54,000 billion tomans (54 Hemmat) of the central bank salary a few days ago in cash.

While the 13th government settled the Rouhani government’s borrowing from the central bank in cash at the end of last year, reducing the monetary base, Hemmati seems to have forgotten that at the end of 1399, when he was the governor of the central bank, the salary was settled. The government did not cash in and did not reduce the monetary base.

In any case, instead of being accountable for its performance over the three-year period at the central bank, which multiplied inflation, liquidity, the monetary base and the exchange rate, Hemmati questions the positive actions of the 13th government.