Dhaka, June 11 -- Finance Minister Amir Khosru Mahmud Chowdhury has proposed a substantial increase in borrowing from foreign sources to meet the deficit for government spending in the next fiscal year.

In his plan for the 2026-27 budget, the amount of net foreign borrowing will be over double the net foreign borrowing in the revised budget for 2025-26.

Khosru presented the Tk 9.38 trillion budget for the 2026-27 fiscal year in parliament on Thursday afternoon.

Of the outlay, the finance minister hopes to finance Tk 6.95 trillion through tax revenue.

This leaves an overall deficit between expenditure and revenue of Tk 2.43 trillion, which is equal to 3.6 percent of Bangladesh's total GDP.

To meet this deficit, Khosru plans to borrow ...