Govt borrows Tk8,333cr from savings tools in Jul-Sep
Staff Correspondent
The government borrowed Tk8,333 crore from savings tools in the first quarter (July-September) of the current fiscal year, which started on 1 July.
The concerned officials said that after the fall of the last government on 5 August, 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 help it tame consumer inflation.
On the other hand, in the two months till August, Tk18,250 crore loans was repaid. At the same time, Tk28,952 crore was lent from commercial banks. Due to which the overall net debt of the government in the banking sector has increased by Tk10,702 crore.
