Finance Minister Abul Hassan Mahmood Ali says that there is no reason to worry about the government’s dependence on bank loans to meet the budget deficit. At a post-budget press conference at the capital's Osmani Memorial Auditorium on Friday, he said, "Taking loans from banks is standard procedure. As such, it’s not that important, so you have no reason to worry about it.”The finance minister presented his budget proposal of Tk 7.97 trillion for the 2024-2025 fiscal year in the parliament on Thursday. To fund this spending, he plans to raise Tk 5.41 trillion from the government review, which will be a big challenge to implement. The finance minister plans to take loans from domestic and foreign sources to meet the deficit.

Source: bd News24 June 08, 2024 22:59 UTC