Dhaka, June 3 -- Planning Advisor Wahiduddin Mahmud has said a significant portion of the proposed budget for the financial year 2025-26 is dedicated to foreign and domestic debt servicing.

He also said the interim government is attempting to break free from the "vicious cycle" of debt.

He made these remarks at a post-budget media briefing at Dhaka's Osmani Memorial Auditorium on Tuesday.

Wahiduddin said, "A major part of this budget is going to be spent on servicing foreign and domestic debt.

"There are also subsidies in the agricultural and energy sectors. Inflation has been passed onto us before we even took office last year.

"In some cases, we have paid off all the foreign debts in energy and are now in a stable position.

"We wa...