Alerts

Sri Lanka's debt crisis will worsen next year, Finance Minister warns

Sri Lanka's Finance Minister Mangala Samaraweera said after Independence in 1948, the highest amount of foreign debt has to be paid in 2018 and 63 percent of that debt was to pay off the loans obtained by the previous government for wasteful projects and reelection campaign of the former president.According to the Finance Minister the total foreign debt to be paid this year is US$ 2,845 million and of which US$ 1,789 million has to be paid for foreign debts which were borrowed before the year 2015. Only an installment of US$ 1,056 to be paid for the foreign loans borrowed after 2015.…………….Please Log in or Subscribe to view full details…..

Please or to Read More Entire Article

Related Tags

Related Article

Article by Same Author

In case you come across any suspicious activity, any suspicious movement or have any information to tell to the Anti-Terror Squad, please take a note of the new ALL INDIA TOLL-FREE Terror Help-line '1090'. Your city's Police or Anti-Terror squad will take action as quickly as possible. Remember that this single number 1090 is valid all over india. This is a toll free number and can be dialled from mobile phones also. Moreover, the identity of the caller will be kept a secret.

Please try to make aware each and every citizen of india about this facility.

Helpline 1090