Govt borrows Tk8,333cr from savings tools

NN Online:

The government has borrowed Tk 8,333 crore from savings tools in the 1st quarter (July-September) of the current fiscal year.

The concerned officials said 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, the 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, reports UNB.

On the other hand, in the two months till last August, Tk 18,250 crore was repaid in previous loans. At the same time, Tk 28,952 crore was taken from commercial banks. Due to which the overall net debt of the government in the banking sector has increased by Tk 10,702 crore.