Tehran, Feb. 19 (SENA) – Ministry of Economy has reported that government’s debts have totaled $184bn which accounts for only 16 per cent of GDP as mid-January 2017.
The ministry report said debts and collectables had constituted a major issue for the government; the problem becomes difficult to solve when there is no data on the exact composition of government’s debts. MNA reported.
This contributes negatively to substantial delays in repayment of debts and thus causes a major deficit in liquidity in the economy.
National debt in great economies soars as high as 230 per cent for Japan, 105 per cent for the US, averaging 30-50 per cent for other liberal economies.