Staff Reporter
Per capita debt obligation of Bangladesh has been increasing substantially day by day due to large trade deficit, saving-investment gap, slow growth of revenue and rapid growth of public expenditure.
The per capita liability increased to US$139.91 in last fiscal from $6.59 in fiscal 1974-75, according to figures provided by the External Relations Division (ERD) of the government.
The total public sector debt has increased from $973 million in fiscal 1974-75 to about $19.42 billion in fiscal 2005-06. Moreover, fresh foreign loan and grant marked a substantial decline in recent years. [Read more]