The per capita debt of Bangladesh is now 10 lakh 80 thousand taka
The child who is now born in Bangladesh has a debt of Tk 10 lakh 80 thousand. It means he was born with this debt burden on his head.
The latest data of Bangladesh Bureau of Statistics (BBS) (November 28, 2023) says that the total population in the country is now 16 crore 98 lakh 28 thousand 911 people. And the total debt left behind by the Sheikh Hasina government, which left the country in the face of the popular uprising, is 18 lakh 36 thousand crores. Accordingly, the per capita debt of every person (of all ages) in the country is now 10 lakh 80 A thousand rupees. Every tax payer of the country has to pay the principal and interest.This information was obtained by analyzing the data of domestic and foreign loans available from the finance department of the Ministry of Finance.Analysts say: Due to lack of proper debt management of the former government, large amount of borrowing has been taken from domestic sources. Although foreign currency borrowing is always welcomed by economists and experts. A lot of foreign debt has also been taken in the last 15 years. But most of these loans were taken in a bargain and indiscriminate manner; This has increased the pressure on the government's debt situation.The recently deposed Awami League government has taken loans indiscriminately for more than 15 years. A major part of this loan has been taken from domestic sources. In this, more loans have been taken from the country's banking system. Analyzing the domestic and foreign debt data obtained from the finance department of the finance ministry, it has been found that Sheikh Hasina's government left a debt of Tk 1.836 billion at the time of resignation. The interim government must now take measures to repay this debt. According to analysts, due to lack of proper debt management of the previous government, the borrowing was high from domestic sources. Although foreign currency borrowing is always welcomed by economists and experts. A lot of foreign debt has also been taken in the last 15 years. But most of these loans were taken in a bargain and indiscriminate manner; This has increased the pressure on the government's debt situation.In this context, Mostafizur Rahman, Honorable Fellow of Center for Policy Dialogue (CPD) said: Debt repayment pressure is coming. So unplanned and almost haphazardly taking suppliers' credit in foreign currency, it is now palpable.
The finance department has officially published the domestic and foreign debt report till last December. It shows the total debt status of Tk 16 lakh 59 thousand 334 crores. The loan calculation is updated every three months. Accounts for March and June will be prepared after some time.
The finance department estimates that the domestic and foreign debt status at the end of June this year will stand at 18 lakh 36 thousand crore rupees. Out of this, the domestic part will be 10 lakh 35 thousand crores and the foreign part will be 8 lakh 1 thousand crores. The debt status till last December is equal to the total allocation of three budgets of the country. Finance and trade advisor commented that the burden of large debt is unfortunate. Saleh Uddin Ahmed. He said: The government will request to increase the interest rate and repayment period of some loans to China. Starting with a huge domestic and foreign debt burden is a big strain on the interim government. The financial adviser said: A large part of the debt taken by the previous government was not negotiated very well, it was not desirable. Meanwhile, Secretary of Economic Relations Department Shahriar Siddiqui said: China has so far been exempted from debt equivalent to 4 billion dollars. The country has pledged another 7 billion dollars.
