Bangladesh, Nov. 23 -- The country's budget deficit widened to over Tk 1.1 trillion in the past fiscal year, highest in more than a decade.
The imbalance stood at 5.1 per cent of the gross domestic product, or GDP, in fiscal year 2019.
The level first exceeded the benchmark 5.0 per cent of the GDP and widened to 6.2 per cent in 2007-08.
The benchmark was set by the government in late 1990s.
The revenue shortfall, however, is the key reason for the budget deficit, officials at the ministry of finance said on Thursday.
The total revenue mobilised in the year was Tk 2.5 trillion against target of Tk 3.4 trillion, according to a document seen by the FE.
This huge gap has drawn mixed reactions among the economists contacted by the FE.
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