Dhaka, Feb. 8 -- The net sale in December last year was around Tk 53.5 billion but it was more than Tk 4 billion less than the amount the government had to repay in interests and principal sums.

It spent Tk 57.56 billion on the repayment.

In December 2018, the government was able to keep over Tk 33.31 billion after repaying the customers of savings certificates.

Analyst Zaid Bakht says the government is now "paying the price" for vigorously selling savings certificates with high interest rates.

The sales jumped every year as the interest rates were much higher than those offered on bank deposits.

And the slump in the share market made the savings certificates the most lucrative investment in the country, leading to huge government bo...