The Parliament on Thursday unanimously passed a bill providing for precise guarantee that the government will return the money taken as debt from the public, reports UNB.
The Public Debt Bill, 2022 was passed by voice vote after Finance Minister AHM Mustafa Kamal introduced it in the House. The bill now be sent to the President for signing it into a law.
The proposed legislation will replace the British-era law, The Public Debt Act 1944, which was extended on several occasions.
According to the proposed law, the government will give a precise guarantee against the debt taken by the government from people that they would get back the deposited money under any circumstances.
The public would be informed about the profits or interest against their deposits.
Bd-pratidin English/Golam Rosul
