Budget Fiscal Year 2023-24

Meeting deficit financing: Govt borrowing from banks may go thru the roof

The government’s target for borrowing from the banking system in the next fiscal year is set to surpass the Tk 1 lakh crore mark for the second consecutive year amid the twin difficulties of raging inflation and shrinking foreign reserves.

May 28, 2023
May 28, 2023

Meeting deficit financing: Govt borrowing from banks may go thru the roof

The government’s target for borrowing from the banking system in the next fiscal year is set to surpass the Tk 1 lakh crore mark for the second consecutive year amid the twin difficulties of raging inflation and shrinking foreign reserves.