The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.
Syndication has become a buzzword among consumers in Bangladesh, particularly in relation to the abnormal price hike of essential commodities over the past several years.
The story of Bangladesh’s rise comes in numerous versions with a common denominator. The initial conditions were abysmal: post-independence disorder, natural calamities, famine, and widely shared pessimism nationally and internationally. The lay of the land looks remarkably different 50 years down the road.
Bangladesh remains stuck in low-wage economic trap despite visible economic development, which has been largely contributed by labourers, including farmers, RMG workers, and.
At the end of December 2023, Bangladesh's banking sector had NPLs worth Tk 145,600 crore, around 9 percent of total outstanding loans, central bank data showed.