Government increases bank borrowing to fund new pay scale

The government has increased its borrowing from banks this month to cover the additional costs of implementing the new pay scale for public servants.

Government increases bank borrowing to fund new pay scale

Starting November 1, the government is set to pay salaries to public officials and employees according to the new pay scale. To manage the additional expenditure required for this implementation, the government has increased its reliance on bank loans during the current month. Meanwhile, the visit of Prime Minister Tarique Rahman to Japan has been featured as the lead headline in most newspapers published from Dhaka on Tuesday.

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