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

During the first quarter of the current fiscal year, which runs from July to September, the government borrowed Tk8333 crore via savings tools.

According to the concerned officials, operating expenses have significantly dropped since the former government fell on August 5. 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.

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
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