Govt’s Increased Borrowing: Interest payment may rise by 14pc

Thanks to increased domestic borrowing in recent years, the government's interest payments will rise by 14 percent in the coming fiscal year. Rising interest rates in the banks over the last one and a half years are also why the government will have to spend more in debt interest payments. Finance Minister AHM Mustafa Kamal has plans to allocate Tk 65,000 crore for the purpose