To reduce inflation, the government has reduced the loan from banks and repayments have been made in lieu of loans from banks. In the three months of the current financial year, the overall debt of the banking sector has decreased by 3,777 crore 85 lakh.
Such information has emerged in the updated report of Bangladesh Bank.
At the end of September this year, the total amount of debt from the financial sector to the government has reached 3 lakh 90 thousand crore 19 lakh taka. At the beginning of the current fiscal year 2023-24, the government's debt in the banking sector was 3 lakh 93 thousand 778 crore 4 lakh taka.
Analyzing the data, it can be seen that the loan from the commercial bank in the three months of July-September has been taken 25 thousand 709 crore 19 lakh taka. In the same same time Bangladesh Bank has paid 29 crore 487 crore 4 lakh taka in the same same case. As such, Bangladesh Bank has to pay money from the government's treasury as well as borrow from the commercial bank to run the government's activities, but he has not had to borrow from the commercial bank to run the government's operations.
According to sources, the government is moving towards revenue dependence instead of loans.
Recently, Bangladesh Bank Governor Abdur Rauf Talukder said that the government is not doing anything like land acquisition for better work, as a result, there is no need for money, so Bangladesh Bank is not giving any money to the government.
He said in the country that Now, in September, the highest inflation is 9.63 percent, in the previous month, the inflation rate rose 9.92 percent, as it is due to global inflation, which is one of the reasons for the issue of the inflation of the domestic unproductive sector.
The Governor said this in response to the advice of economists to reduce inflation in September.
At the end of September, the government has been able to reduce net debt.
To meet the budget deficit, the government has set a loan from the bank which sets the target of loan from the bank in the budget at the beginning of the year. In the current financial year also, the internal source banks, Sanchapatra and other sectors have fixed the loan target of Tk 1 lakh 35 thousand 395 crore.
According to the target, the bank sector is supposed to take a three-month loan of Tk 33,988.75 million. And the loan from the national savings certificate is Tk 4,500 crore. At this time, the loan was given to the commercial bank, but it was paid Tk 25,709 crore, but the government paid Tk 3,777,500,000.
