Dhaka, Bangladesh, Jan. 13 -- The government is set to borrow a net nearly BDT 50 billion from the country's banking system for the month of January to partly meet its budget deficit, officials said.

The government may take up to BDT 210 billion as gross borrowing from the banking system in January by issuing treasury bills (T-bills) and bonds, according to the government's auction calendar, issued by the Bangladesh Bank (BB) recently.

The auction calendar means the schedule and the amount of T-bills and bonds to be issued through auction for raising funds from the market to meet the government budget deficit partly.

The government's net bank borrowing may reach BDT 49.50 billion in the single month, after deducting BDT 160.50 billion ...