Dhaka, April 6 -- Government's net domestic borrowing ostensibly decreased deeply by 65 per cent in the first seven months of the current fiscal year, although gross debt could be much higher.

Data from the Bangladesh Bank, the central bank, show that from July to January, the government net domestic borrowing was Tk 149.1 billion in a decrease by more than 65 per cent from the same period a year earlier. During July-January of FY 2023 the borrowing was recorded Tk 427.17 billion.

Net borrowing during the period under review was recorded at Tk 62.08 billion while another chunk of Tk 87.01 billion came from non-bank borrowing, according to the central bank statistics.

Banking sources include Bangladesh Bank and scheduled banks while non...