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Govt liabilities set to increase

FE Report | Published: June 14, 2019 10:41:31


The government's total liabilities are set to rise by nearly 29 per cent in the upcoming fiscal year (FY), 2019-20, on the back of higher domestic liabilities.

Liabilities have mainly two fronts-domestic and foreign debts, usually taken to meet the budget financing.

The liabilities are expected to reach Tk 2.15 trillion in FY '20 against the revised Tk 1.67 trillion of the outgoing fiscal, showed the annual financial statement.

The annual financial statement, a part of the budget document, said domestic liabilities might hike to Tk 1.38 trillion from the revised Tk 1.12 trillion.

Domestic liabilities comprise debt securities, loans and other accounts payable.

Debt securities are the largest part of domestic liabilities as they occupy around 64 per cent or Tk 1.37 trillion of the total liabilities.

On the other hand, foreign liabilities are set to increase by more than Tk 215 billion to Tk 761 billion, the document said.

jasimharoon@yahoo.com

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