The government is increasingly funding its operational expenditures through significant domestic bank borrowing. This fiscal strategy is driven by a combination of record-breaking deficits in tax collection and a substantial shortfall in anticipated foreign financial assistance. Despite these constraints, the state must sustain essential expenditures, including public sector salaries, allowances, interest payments on existing debts, […]

Bangladesh’s foreign exchange reserves have risen further, with the country’s gross reserves reaching US$34.82 billion, according to the latest figures released by Bangladesh Bank. The central bank reported that gross foreign exchange reserves stood at US$34.82183 billion as of 3 June. The information was confirmed on Wednesday by Bangladesh Bank Executive Director and spokesperson Arif […]