Government borrows heavily from banks as pandemic hits revenue
The government is borrowing heavily from the banking sector as the coronavirus pandemic has hit revenue collection, while expenses have gone up, a researcher has said, reports bdnews24.com. It borrowed BDT 109.58 billion from the commercial banks in the first 43 days of the new fiscal year to Aug 12. It has also repaid the Bangladesh Bank BDT 25.36 billion. The government has set a target to borrow a total of BDT 849.8 billion from the sector in the fiscal year 2020-21.