Debt repayment pressure on the government: Increasing debt on the government is increasing the debt burden

Debt repayment pressure on the government: Increasing debt on the government is increasing the debt burden

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Meanwhile, a large number of foreign companies are facing difficulties in sending home dividends from investments in Bangladesh and income from various services and products. Their stuck money amounts to about Tk 5 billion.

Experts see these debt liabilities as a new challenge for the government. Amid these growing concerns, Finance Minister Abul Hasan Mahmud Ali is scheduled to present the budget for the next financial year 2024-25 today i.e. Thursday.

Ahsan H Mansoor, Executive Director of Policy Research Institute (PRI), said that due to the lack of desired revenue collection, the government is becoming more dependent on domestic and foreign loans. The debt burden will increase further in the coming days.

However, he suggested being careful about the loan terms, maturity period and interest rates while entering into loan deals.

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