Government debt from the banking system is increasing rapidly. From negative at the beginning of the current financial year till May 12, the government has taken a net debt of Tk 50 thousand 899 crores. At this time 70 thousand 558 crore taka has been taken from commercial banks. However, the government has paid Tk 19,659 crore taken earlier from Bangladesh Bank. Although the debt of the government has increased recently, till last January, the debt status of the government in the bank sector was negative Tk 120 crore. This information is known from the sources of Bangladesh Bank.
Those concerned said that revenue is not being collected as expected by the government. But the cost is increasing due to the increase in dollar exchange rate and interest rate. Again, till last March, the government’s debt in savings bonds has decreased by Tk 12,454 crore compared to the previous financial year. Other expenses of the government have also increased. As a result, the government has to take loans from the banks despite the liquidity crisis. This trend is hampering the private sector’s access to credit. On the one hand, the central bank is taking loans from some banks against treasury bills and bonds, while on the other hand, some banks are allowing transactions with a current account deficit by giving concessions to the statutory liquidity reserve of some banks. All in all, the interest rate of loans is increasing and the cost of business is increasing.