Bangladesh, March 9 -- The budget deficit widened to over Tk 162 billion during the second quarter (Q2) to December of the fiscal year, as increasing government spending overshot revenue earnings, according to an official document.
The shortfall was nearly Tk 14 billion-or a 1,000 per cent rise-during the same period a year earlier.
The revenue authorities mobilised some Tk 556 billion in the second quarter against a total expenditure of Tk 720 billion, prompting the government to meet the gap by borrowing from local and external sources.
The share of banking and non-banking sources was almost the same during the second quarter. The net bank borrowing during October-December was Tk 79.98 billion while that of non-bank was Tk 78.75 billio...