Dhaka, May 20 -- The government has been setting large borrowing targets from savings certificate sales to cover its budget deficit, but has fallen short in recent years.

On top of that, it has had to pay out more in interest and principal than it takes in from fresh sales.

Mirroring the trend of the past three years, the government received no net investment from the instrument during July through March.

Instead, the treasury had to pay out Tk 26.90 billion to certificate holders in interest and principal.

The then interim government had set a borrowing target of Tk 125 billion from savings certificates for 2025-2026 fiscal year.

Economists say high inflation has cut into real incomes, leaving people with little to save.

Lower inte...