The country will need some Tk 5,824 billion as deficit financing in the next two fiscals where the domestic bond market is under focus of development to meet the need.
Of the total amount, some Tk 2785 billion will be needed for the next 2025-26 fiscal while some Tk 3039 billion will be needed for the 2026-27 fiscal, according to an official document of the Finance Ministry.
In the 2024-25 fiscal year, deficit financing is estimated at Tk 2559 billion.
The document said that the Government of Bangladesh remains committed to sustaining a prudent fiscal policy while efficiently financing its development projects.
In the medium term, the government’s approach to deficit financing and debt management aims to secure its financing need...
BB ready to ensure enhanced cash flow
Chief Adviser Dr Muhammad Yunus on Monday assured that Bangladesh Bank is fully prepared to ensure enhanced cash flow to banks across the country, enabling depositors to access their funds without hindrance.
“No bank has been closed, and even the weakest institutions have been stabilised,” he said in his Victory Day address to the nation.
Dr Yunus said that confidence and discipline are being steadily restored in the banking system, and announced that previous restrictions on cash withdrawals have been lifted, signalling a rob...
Dr Yunus said that confidence and discipline are being steadily restored in the banking system, and announced that previous restrictions on cash withdrawals have been lifted, signalling a rob...
CA Yunus pledges to control prices, fix economy
Reaffirming his government’s commitment to fix the economy, Chief Adviser Dr Muhammad Yunus on Monday called for collective efforts to keep essential commodity prices stable during the upcoming Ramadan.
"We seek everyone's cooperation to ensure that prices remain manageable. We have already talked to businesspeople, and they have assured us that there will be no short supply (of commodities) in the market. If anyone tries to create an artificial crisis for excessive profit, we will take strict action against them," he said in a televised speech to the nation in the morning.
FEJ proposes 8-point economic reform agenda
The Forum for Economic Justice (FEJ) held a press conference and discussion meeting on proposals for establishing an eight-point economic reform agenda, forming a reform commission to address economic inequality, and recognising social ownership in the constitution. The event took place on Saturday (21-09-204) in the Sagar-Runi Hall of the Dhaka Reporters' Unity. The speakers emphasised that democratising the economy is the first and foremost condition for building an exploitation-free democratic state or society.
They stated that it is impossible to establish an egalitarian society while maintaining the existing ownership-based economic system. Therefore, the rights of the people to ownership of resources at all levels of society must be established, and fair distribution of profits...
BD to get $4b to $5b IsDB support in next 3 yrs
The Islamic Development Bank (IsDB) is likely to come up with an overall support of around $4 billion to $5 billion to Bangladesh in various sectors for the next three years under its Member Country Partnership Strategy (MCPS) for the 2024-26.
Head of IsDB Regional Hub Muhammad Nassis Sulaiman informed this to reporters while replying to their queries after holding meeting with Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed at his office at Bangladesh Secretariat today.
“As part of the Member Country Partnership Strategy (MCPS), the part of the plan is really for the next three years with a support of around $4 to $5 billion,” he said.
UK to help reform sectors like banking, revenue, capital markets
The United Kingdom (UK) today expressed their keen interest to help Bangladesh reform its banking and revenue sectors alongside the capital market.
The interest surfaced as the UK High Commissioner to Bangladesh Sarah Cooke called on Finance Adviser to the interim government Dr Salehuddin Ahmed at his Economic Relations Division (ERD) office in the city.
After the meeting, the finance adviser said the UK is willing to help Bangladesh reform sectors like banking, revenue and capi...
After the meeting, the finance adviser said the UK is willing to help Bangladesh reform sectors like banking, revenue and capi...
