Dhaka, March 19 -- The government's borrowing from banks has risen sharply in the first eight months of the Financial Year 2024-25 due to weak revenue mobilisation, slow private sector credit growth, and an overall economic slowdown.
According to recently published data from Bangladesh Bank, borrowing from banks reached Tk 86,000 crore during the July-February period, significantly higher than Tk 44,137 crore in the same period of the previous financial year.
The government's net borrowing stood at Tk 26,225 crore in this period, compared with Tk 12,298 crore a year earlier, as it repaid Tk 59,780 crore to Bangladesh Bank, reducing reliance on direct central bank financing.
Meanwhile, private sector credit growth dropped to 7.15 per cent...