Thursday 19 October 2017
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thefinancialexpress
4 months ago

Debt servicing pushes up charged expenditure

Governmentand#39;s charged expenditure has risen significantly in recent years, mainly for an alarming increase in domestic debt servicing. Official documents show the amount of such spending at Tk 1.53 trillion in the outgoing fiscal year (FY) 2016-17. The expenditure is set to rise to Tk 1.64 trillion in the next financial year, beginning July 01, according to budget documents of demands for grants and appropriations for financial year 2017-18. It was Tk 1.4 trillion in 2013-14. Charged expenditure is ma

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