Tk 42,000cr bank borrowing to finance deficit

Finance Minister AMA Muhith today proposed to borrow Tk 42,029 crore from the banking sources to manage the deficit financing.

In his proposed budget for upcoming fiscal year 2018-19, Muhith said the overall budget deficit will be TK 1,25,293 crore.

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Of the amount, Tk 54,067 crore will be financed from external sources while an amount of Tk 71,226 crore will be financed from domestic sources.

Of the domestic sources, TK 42,029 crore will be borrowed from the banking system while TK 29,197 crore from National Savings Schemes and other non-bank sources.