Govt. borrows BDT 230b from banks in 35 days of FY '20
Dhaka, Bangladesh, Aug. 22 -- The government borrowed nearly BDT 230 billion from the banking system in the first 35 days of this fiscal year (FY), 2019-20, to finance budget deficit partly, officials said.
Off which BDT174.69 billion was borrowed from scheduled banks while rest of BDT 55.30 billion from the central bank of Bangladesh, according to a confidential report, prepared by the Bangladesh Bank (BB).
Talking to the BBN, a senior official said the government's bank borrowing has already increased significantly to adjust higher expenditure for June, the last month of FY '19.
Normally adjustment of the previous fiscal's expenditure is allowed in the first-half of July of the next fiscal, added the official, familiar with the gover...
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