At a post-budget press conference at the capital's Osmani Memorial Auditorium on Friday, he said, "Taking loans from banks is standard procedure. The finance minister plans to take loans from domestic and foreign sources to meet the deficit. Borrowing from domestic banks is key to covering the shortfall. Khairuzzaman also discussed the government's shift in borrowing strategy: "Historically, our focus was on savings certificates, which, while secure, come with higher interest costs. The secretary revealed that the government's borrowing from banks in the current fiscal year exceeded its target by 18 percent.

Source: bd News24 June 07, 2024 11:29 UTC