Bangladeshi government borrowing rose sharply in the second half of 2008 as the global downturn hit budget revenues, raising concerns among businesses that credit will get increasingly tight for the private sector.
Official data showed on Sunday the government borrowed 70.58 billion taka ($1.02 billion) in the first six months of the fiscal year that ends in June 2009, 27.6 billion taka or 64 percent above the target set by the central bank.