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The Financial Express

Govt to pay Tk 2,256.7 billion as loan interest in three fiscals

| Updated: September 21, 2020 11:46:34


Govt to pay Tk 2,256.7 billion as loan interest in three fiscals

The government will pay an estimated Tk 2,256.7 billion as interest on loans in the next three fiscals including the current one.

Out of the amount, Tk 638 billion will be paid in 2020-21, Tk 748.9 billion in 2021-22 and Tk 869.8 billion in 2022-23, reports UNB.

An official document showed that the government has allocated Tk 582.5 billion for paying the interest for the running fiscal on loan taken from domestic resources. The amount is Tk 680.8 billion for the next fiscal and Tk 788.9 billion is for 2022-23.

For interest on loans taken from external sources, the government will pay Tk 55.3 billion in the 2020-21 fiscal, Tk 68.1 billion in 2021-22, and Tk 80.9 billion in 2022-23.

The government in 2014-15, 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 fiscals paid Tk 309.7 billion, Tk 331.1 billion, Tk 353.8 billion, Tk 417.7 billion, Tk 494.6 billion and Tk 576.6 billion respectively as interest of loans.

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