Prime Minister Sheikh Hasina has promised that the government will not take additional loans from banks, which will in turn keep the financial sector stable.
Published : 28 Jun 2017, 06:29 PM
"The government will not exceed the bank borrowing limits. The government won't take any extra loans and the financial sector won't be harmed. I can promise that much," Hasina said in parliament on Wednesday.
"There is nothing to worry about."
Finance Minister AMA Muhith unveiled a Tk 4 trillion budget for FY2018 in parliament on Jun 1, with a deficit of Tk 1.12 trillion or 5 percent of the GDP.
In his budget speech, Muhith said he plans to borrow Tk 301.5 billion from government-managed savings schemes and Tk 282.03 billion from the banks.