Iran expects state debt to drop

Iran plans to reduce the state debt in the next 3 years, IranNews reports.


Iran has a foreign debt of $14.3 billion this year (3.4% of GDP). It will increase by $700 million and reach $15 billion (3.2% of GDP) next year.


Then the debt will start to reduce, gradually. It will reach $14.4 billion (2.7% of GDP) in 2012, $13.8 billion (2.2% of GDP) in 2013, stay at $13.8 billion in 2014 and increase to $14.4 billion in 2015.

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