Finance Minister Amir Khosru Mahmud Chowdhury announced that Bangladesh’s domestic debt has risen to Tk 10.77 trillion, marking a more than sixteenfold increase from Tk 650 billion. He described the situation as concerning during his budget presentation on Thursday.

The minister also stated that foreign debt, which stood at Tk 130 billion in 2006, has grown about 6.5 times to Tk 8.12 trillion by 2024. The proposed national budget for the upcoming fiscal year is set at Tk 9.38 trillion, with a revenue target of Tk 6.95 trillion. This leaves a deficit of Tk 2.43 trillion.

To bridge the fiscal gap, the government plans to raise funds from both domestic and foreign sources, according to the finance minister’s statement.