Ads

Govt borrows Tk8333 crore from savings tools in Q1 of current fiscal

Ads

more from Bangladesh

Ads

LATEST News

Ads

Top News

Photo: UNB

Ads

The concerned officials said that after the fall of the last government on August 5, the operating expenses have decreased a lot. One of the reasons for this is that many people including ministers and MPs are not spending regularly as before.

UNB

Publisted at 7:28 PM, Tue Nov 5th, 2024

The government has borrowed Tk8333 crore from savings tools in the 1st quarter (July-September) of the current fiscal year.

The concerned officials said that after the fall of the last government on August 5, the operating expenses have decreased a lot. One of the reasons for this is that many people including ministers and MPs are not spending regularly as before.

Again accountability has been increased for any public money spending. Due to this, thye borrowing has been falling below the previous government's target of borrowing. The interim government is not taking any money from the central bank to support controlling inflation.

On the other hand, in the two months till last August, Tk 18,250 crore was repaid in previous loans. At the same time, Tk28952 crore were taken from commercial banks. Due to which the overall net debt of the government in the banking sector has increased by Tk10 702 crore.

 

Ads