Monday, 18 Nov, 2024

Business

Budget deficit Tk 86,657cr

Budget Reporting Team |
Update: 2015-06-04 07:31:00
Budget deficit Tk 86,657cr

DHAKA: This year’s budget deficit will be Tk 86 thousand 657-crore, which is 5.0 percent of GDP.

According to finance minister AMA Muhith, Tk 30 thousand 134-crore (1.8 percent of GDP) will be financed from the external sources and Tk 56 thousand 523-crore (3.3 percent of GDP) from the domestic sources.

Of the domestic financing, Tk 38 thousand 523-crore (2.2 percent of GDP) will come from the banking system and Tk 18 thousand crore (1.0 percent of GDP) from savings certificate and other non-banking sources.

‘If we can increase disbursement from the huge pipeline of foreign assistance, we will be able to reduce our dependence on domestic borrowing,’ Muhith said.

‘We will continue our efforts to this end so that foreign aid utilization rate increases in the next year.’

BDST: 1730 HRS, JUN 04, 2015
RR/SMS

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.