Sales of Savings Papers, which have been declining consistently, are increasing. In the first three months of the current financial year (July-September), the government has taken a net loan of 8 thousand 333 crore Taka from savings bonds.
According to source, during the same period of the last financial year, where sales were more than sales, it was 1 thousand 265 crores. And in the last financial year, the sale of savings certificates decreased by Tk. 21 thousand 124 crore.
Those concerned said that after the fall of the government on August 5, the operating expenses have decreased a lot. One of the reasons for this is that many people including ministers and MPs are not spending regularly as before. Again accountability has been increased for any spending. Due to these reasons, the previous government’s target of borrowing from the banking system is decreasing. The government is not taking even 1 rupee from the central bank to control inflation. On the other hand, up to last August, in two months, it has repaid Tk. 18,250 crore of the previous loan. At the same time, 28 thousand 952 crores were taken from commercial banks. Due to which the net debt of the government in the banking sector as a whole has increased by Tk. 10 thousand 702 crores.
According to the information received, in total, the debt status of the government at the end of last September stood at 3 lakh 54 thousand 602 crore Taka. At the end of last June, which fell to 3 lakh 46 thousand 269 crores. Out of this, 2 thousand 188 crores in July, 2 thousand 36 crores in August and 4 thousand 109 crores increased in September.
Those concerned said that the government has adopted a contractionary monetary policy to control high inflation. The repo rate has been raised to 10 percent by increasing the policy interest rate several times. No more money is being printed. Although the previous government had announced the same, an additional loan of about 41,000 taka was given from the central bank in the last three months by concealing the information. This money is given in the name of ‘overdraft’ sector by resorting to a kind of fraud.
Where the government could have taken a maximum of Tk. 8 thousand crore as OD, Tk. 48 thousand 745 crore was given from the central bank in the name of this sector. Money given in this way is not shown in the main report of public debt. Due to which the debt actually increased in the last financial year, but the report shows that it has decreased by 6 thousand 457 crores.
