Bangladesh's debt-to-GDP ratio for Q3'FY23 rises

[Bilal9]

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Though the ratio grew in the quarter, Finance Ministry said it was still lower than what the IMF recommended
https://www.dhakatribune.com/322317

Wafiur Rahman
Publish : 12 Aug 2023, 06:49 PM
Update : 12 Aug 2023, 07:46 PM

The country's debt-to-GDP ratio went up by approximately two percentage points to 32.55% in the third quarter of last FY23, as per the latest quarterly debt bulletin of the Finance Ministry.

On December 31, 2022, it was 30.56%.

Though the debt to GDP ratio grew in the quarter, the ministry said it was still significantly lower than what the International Monetary Fund (IMF) recommended -- less than 55%.

The total outstanding debt of Bangladesh was Tk1,448,333 crore as of March 31, 2023, up from Tk1,359,898 crore on December 31, 2022, the ministry data also showed.

Out of the total debt of the country, 63% was domestic and the remaining 37% owed abroad.

The domestic debt to GDP ratio rose to 20.57% from a previous 19.42%.

Meanwhile, the external debt to GDP ratio went up to 12.01% from 11.14%.

As of March 31, 2023, total domestic debt stood at Tk915,135 crore.

Of that, 54% was to the banking sector and 39% for savings instruments.

Another 7% was for provident funds of the government.

The debt-to-GDP ratio is a comparison of a country's public debt and its gross domestic product (GDP), according to investopedia.com.

By comparing what a country owes with what it produces, the debt-to-GDP ratio indicates its ability to pay back its debts.

 

[protean]

How is $95 billion external debt 12% of 44 trillion taka gdp (about $400 billion at 110 taka per usd exchange rate)?

The Bangladesh Bureau of Statistics (BBS) provisional data for 2022-23 showed that the per capita income (GNI) has been estimated at US$ 2,765, official sources told the FE on Thursday.

The sources said the total GDP size of Bangladesh has declined to $457 billion in the current price. In local currency, the GDP size is Tk 44.39 trillion, the official estimation showed.

Near-negative lending gains worsen NBFIs’ woes

Near-negative gains from lending leaves non-bank financial institutions (NBFIs) nonplussed with the spread between rates on deposit and advances hitting historical lows, showing signs of slowdown in this sector. According to latest Bangladesh Bank (BB) statistics, the difference between weighted a

thefinancialexpress.com.bd

Foreign debt soars to $95.71b

Bangladesh’s external debt has hit $95.71 billion at the end of March 2023, highlighting its growing reliance on foreign loans to implement its development initiatives....

www.newagebd.net

 

[Bilal9]

How is $95 billion external debt 12% of 44 trillion taka gdp (about $400 billion)?

Great ! You found Shorsher Moddhey Mamdo bhoot.

Go to town ghoti !! It's an article, disprove it.

Khaiya daiya kaam nai, chan mollar beyai.....

 

[protean]

Great ! You found Shorsher Moddhey Mamdo bhoot.

Go to town ghoti !!

Abey lungi..you are not the owner of this forum. F off.

 

[Bilal9]

 

[protean]

View attachment 948160

Lol. This was when they included the informal economy. But they didn't give any reasoning as to how they arrived at informal economy statistics.

 

[CallSignMaverick]

How is $95 billion external debt 12% of 44 trillion taka gdp (about $400 billion at 110 taka per usd exchange rate)?

The Bangladesh Bureau of Statistics (BBS) provisional data for 2022-23 showed that the per capita income (GNI) has been estimated at US$ 2,765, official sources told the FE on Thursday.

The sources said the total GDP size of Bangladesh has declined to $457 billion in the current price. In local currency, the GDP size is Tk 44.39 trillion, the official estimation showed.

Near-negative lending gains worsen NBFIs’ woes

Near-negative gains from lending leaves non-bank financial institutions (NBFIs) nonplussed with the spread between rates on deposit and advances hitting historical lows, showing signs of slowdown in this sector. According to latest Bangladesh Bank (BB) statistics, the difference between weighted a

thefinancialexpress.com.bd

Fake GDP, Fake statistics. No wonder fencejumpers don't think twice before fencejumping.

 

[saif]

Abey lungi..you are not the owner of this forum. F off.

Abey open defecator, why are you bad mouthing other people?

 

[@blue Ocean]

View attachment 948160

You have so shallow knowledge on international economy that you do not even know Japan has no external debt. It is only domestic debt.

However, I think you even do not know the difference between the two. You are so miserable!!!

 

[protean]

Abey open defecator, why are you bad mouthing other people?

Abey toilet cleaner, look who started it moron.

 

[IndianLite]

Abey toilet cleaner, look who started it moron.

Street shiter and street cleaner - match made in heaven.

Do love jihad

 

[Bilal9]

Bangladeshi bhais please "ignore" the Indian trolls' profiles.

No use interacting with these people if all they offer is verbal abuse.

Waste of time - not going to respond.

The amount of jealousy is humongous - knowing their country is going to the dogs economically when we are still doing better than them.

I have been to both countries within the last year - nijer chokhey dekha. I talk to my sane Indian friends all the time.

Other than a few bright spots, India under Modi is headed down to the 3% "Hindu rate of growth". Modi's media machine and data fudgers are propping up lies upon lies upon lies.

Inflation is through the roof and FDI is minuscule. Most of the FDI stories are BS propaganda stories - making mountains out of molehills. Maybe in Backoffice there are some sector investments - which are run of the mill business-necessity requirements, but those are few and far between. Don't believe all the bhakt hogwash and the Godi media propaganda and BS.

 

[IndianLite]

Bangladeshi bhais please "ignore" the Indian trolls' profiles.

No use interacting with these people if all they offer is verbal abuse.

Waste of time.

The amount of jealousy is humongous - knowing their country is going to the dogs economically when we are still doing better than them.

I have been to both countries within the last year - nijer chokhey dekha.

Other than a few bright spots, India under Modi is headed down to the 3% "Hindu rate of growth".

Don't believe all the Godi media propaganda and BS.

India also faked the satellite around Mars and landing a rover on the hardest part of the moon.

All those Indians leading FANGS are actually white dudes with painted brown faces.

Millions of Bangladeshis going to India for medical treatment are actually visiting the Taj Mahal.

In the alternative Jamati truth world of @Bilal9 - Indians would be bankrupt without money from Bangladesh.

Bangladesh has lots of villages and those villages have too many Bilals!!!

 

[saif]

Abey toilet cleaner, look who started it moron.

India has no toilet because you Indians defecate in the street.

 

[protean]

India has no toilet because you Indians defecate in the street.

Lol. All the menial works in all countries is speciality of you lot.