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Posts tagged as “disbursemnets”

New worries as interest payment for debt doubles in 5 months

by Rejaul Karim Byron in The Daily Star, Dec 29, 2023The government’s spending on interest payments against the mounting foreign debt surged 136.70 percent year-on-year to $562 million in the first five months of the current fiscal year as disbursements surged in recent years. The interest payment stood at $237 million in July-November of the previous financial year of 2022-23, data from the Economic Relations Division (ERD) showed. The fund release for the mega projects…