Financing of the budget deficit in the first four months of the current fiscal year (FY18) stood at Tk 208.04 billion, according to the latest statistics of the central bank.
The amount was 48 per cent higher than that used in financing the deficit in the same period of the past fiscal year, it said.
Bangladesh Bank estimation showed that budget financing during July-October reached 1.05 per cent of the projected Gross Domestic Product against 4.80 per cent as envisaged in the national budget for FY18.
Though the first-half of the current fiscal year has passed, data for only four months or first one-third period of the current fiscal year is available.
The central bank data showed that budget financing from the domestic sources rose to Tk 119.75 billion during July-October of this fiscal year, which was Tk 103.41 billion in the corresponding period of FY16.
Of this, Tk 182.11 billion came from nonbanking sources during July- October period of FY18, which was Tk 165.97 billion in the corresponding period of FY17.
In the period under review, net foreign financing also increased significantly with the amount reaching Tk 88.30 billion, which was only Tk 37.12 billion in the same period of the past fiscal year.
