To meet the budget deficit, the government has set a Tk 76,452 crore borrowing target from the country’s banking system for the fiscal year 2021-22.
Finance Minister AHM Mustafa Kamal set the target, while he was placing the proposed budget of Tk 6,03,681 crore for FY22 in the parliament on Thursday.
The bank borrowing target is 4.13 per cent lower than the revised target for the outgoing fiscal year 2020-21.
Expenditure in the next fiscal year has been estimated at Tk 6,03,681 crore while the projected revenue is Tk 3,89,000 crore.
Consequently, the overall budget deficit is expected to be Tk 2,14,681 crore which is about 6.2 per cent of the national GDP.
To meet the budget deficit, Tk 1,01,228 crore will come from external or foreign sources.
On the other hand, Tk 76,452 crore will be borrowed from the banking system, the rest of the amount to be collected from other internal sources including saving certificates.
In the FY2020-21, the government had set a Tk 84,980 crore borrowing target from banks.
