Awami League govt leaves behind over Tk 18.36 trillion domestic-foreign debts

Bangladesh's Awami League governments have accumulated a debt of Tk 18.36 trillion over the past 15 years, primarily from domestic sources, particularly the banking sector. The debt accumulation rose to USD 67.90 billion after the 2023–24 fiscal year, with an average debt of about USD 4000 per citizen. One-third of the foreign borrowings are spent on previous debts and interests, with payments of interest and capital reaching a record of about USD 3.36 billion in the last fiscal year. The new government advises caution on foreign borrowings, directing officials to scrutinize interest rates, installments, payment periods, and terms and conditions.