Govt borrowed $3.9b in four months of FY22
According to the Economic Affairs Division numbers, of this fresh borrowed S3.0 billion loans, around $2.3 billion or 59 percent of the total acquired loans has been for the budgetary support.
The government had borrowed $866 million from commercial banks while borrowing from Asian Development Bank (ADB), Islamic Development Bank (IDB) and World Bank amounted to $1.869 billion.
The government expects external borrowings of $10.370 billion in FY22 and also expects grants of $3.717 billion in FY22.
During July to October 2020, external borrowing stood around $3.3 billion.
During FY 21 total external borrowing was around $14.282 billion. Of the total borrowing, some 57 percent or $8.171 billion was for the budgetary support.