• Wednesday, Jun 29, 2022
  • Last Update : 04:24 pm

Budget FY22: Interest payments to increase

  • Published at 07:09 pm June 3rd, 2021
interest rates
Bigstock

Interest payments against loans would in-turn cover the budget deficit

The proposed budget has a deficit of Tk214,681 crore that the government is planning to meet by further inflating interest payments.

In the proposed budget for the upcoming 2021-22 fiscal year, expenditure based on interest payments has been fixed at Tk68,589 crore - 11.36% of the total expenditure in the budget.

The amount for paying interest on public debt in the FY2021-22 budget has been set Tk4,766 crore higher than the revised budget of the outgoing fiscal year.

The revised target for interest payments in the 2020-21 fiscal year was set at Tk63,823 crore.

The allocation for interest payments in the proposed budget is almost double the amount earmarked for the same purpose five years ago.

Expenditure on interest payments in FY2016-17 was Tk35,691 crore.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail