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Credit is faster than development


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Bangladesh’s public debt is rising alarmingly due to low revenue, investment slowdown, political uncertainty, deteriorating law and order and overall weakness of the economy. Despite the increase in government expenditure, revenue is not increasing at the desired level. As a result, the government is forced to borrow more than before to meet the deficit. As a result, the government’s total debt has increased by nearly two and a half lakh crores in the last one year, which is one of the fastest growing debt in recent history. details

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