Dhaka, June 2 -- The interim government has decided to significantly increase its reliance on domestic sources, particularly bank loans, to finance the budget deficit for the upcoming FY2025- 26.

The proposed national budget slashes borrowing targets from foreign sources and savings certificates, instead aiming to collect Tk1.04 lakh crore from the banking sector, marking an almost 5 percent increase from the revised target of Tk99 thousand crore in FY2024-25.

The budget for FY2025-26 was presented by Finance Advisor Salehuddin Ahmed in a pre-recorded televised address on Monday. The fiscal year begins on July 1.

According to the budget presentation, the total budget deficit for the upcoming fiscal year is projected to be Tk 2.21 lakh ...