Dhaka, March 8 -- Government securities market size has ballooned with its borrowing rising by Tk 375 billion in the first eight months of this fiscal.

The development indicates the government's spendthrift expenditure despite its austerity stance.

Officials and money-market analysts have said the government borrowing from the financial sector through issuing securities keeps rising because of growing budget-financing shortfalls for less-than- expected level of revenue incomes.

But government's growing dependence on bank borrowing to meet budget deficits further tightened the existing liquidity pressure on commercial banks. As a matter of fact, the scope of getting formal credits from the banking sector for the private sector is squeez...