Dhaka, Bangladesh, Nov. 3 -- The Bangladesh government is set to borrow a net BDT 55 billion from the banking system for the month of November to partly meet its budget deficit.

It may take up to BDT 144 billion as gross borrowing from the banking system in November by issuing treasury bills (T-bills) and bonds, according to the government's auction calendar, issued by the Bangladesh Bank (BB) on Thursday.

The government's net bank borrowing may reach BDT 55 billion in the single month, after deducting BDT 89 billion against the government securities that would mature during the month, according to the officials.

Talking to the BBN, a senior official familiar with the government debt-management activities said the government faced defi...