Fri, 29 Mar 2024 Today's Paper

Govt. borrows Rs. 4.7 trillion in 3 years: Wimal

15 November 2017 08:26 pm - 14     - {{hitsCtrl.values.hits}}

A A A

Joint Opposition MP Wimal Weerawansa said today the government had obtained Rs. 4.7 trillion as loans for three years whereas only Rs. 5.2 trillion was obtained as loans for nine years during the previous regime.

Speaking during the budget debate, he said the debt burden had gone up by 64% since the government came to power.

"The debt to GDP ratio was 77.6 per cent in 2014 when the present government came to power. But it was increased to 79.3 per cent in 2016 without the war and constructive development programmes," he said.

MP Weerawansa said the government was planning to obtain Rs. 1,895 billion in 2018 as new loans.

He said the recurrent expenditure of the government had increased by 62 per cent when compared to the budget in 2014 where the recurrent expenditure was Rs. 868 billion.

"If the government claim that the debt burden should be borne by everyone, recurrent expenditure of the President, Prime Minister and the government should have been reduced," he said.

Mr. Weerawansa said the government had no plans to implement the 'Blue, Green' budget which would be only a set of words.

He said the budget included a set of proposals which would not be able to implement in practice adding that it had intended for the foreigners than the local entrepreneurs. (Ajith Siriwardana and Yohan Perera)


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 14

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • vms Wednesday, 15 November 2017 09:55 PM

    Wimal, do you know the meaning of service cost. When you borrow you have to pay interest. during your time you borrowed heavily and this government is paying interest on those loans. Again people like you are enjoying luxury life. Why can't you and your comrades offer to take less salary and benefits. That will help a lot. Also if you voluntarily pay back all your side incomes you made that will too help a lot

    nick Wednesday, 15 November 2017 10:23 PM

    half of this could be paid through the bond scam if they can recover it... via DM Android App

    madushan Wednesday, 15 November 2017 10:53 PM

    This is unfortunately True

    ceylon Wednesday, 15 November 2017 11:23 PM

    first tell how did you built three story luxury mansion as a small salary owner. via DM Android App

    zebra Wednesday, 15 November 2017 11:58 PM

    EVEN IT IS TRUE,NO BODY IS GOING TO BELIEVE YOU

    Ram Thursday, 16 November 2017 01:50 AM

    This ata pass man trying to mislead the public. On the fraud passport issue that is an open and shut case if prosecuted he will be in the government boarding. Why that case is delaying is a mystery

    lion Thursday, 16 November 2017 05:41 AM

    before all theses please answer the allegation against you made by your buddy Piyasiri Wijenayaka who dubbed you as a poli mudalali and also having liquor which is valued around Rs 35000/

    Kadiya Thursday, 16 November 2017 06:54 AM

    There he surfaces again like the sea turtle!!!

    jaliya Thursday, 16 November 2017 08:23 AM

    Man is up-set that he coudn't get his share of the 4.7T ... for your information the loans previous regime received are at a high interest rate and some of that funds has gone in to the MR and his clan for personnel gains and benefits. This government have to sort out your pile of shit that you and your friends created. Some of the 4.7T borrowed has gone to pay off the loans that had higher rate of interest... Now you left that part out didn't you ?

    LGOU Thursday, 16 November 2017 02:33 PM

    FICTION. CREATOR. OF THE HOUSE. via DM Android App

    rajasenanayake712@gmail.com Thursday, 16 November 2017 04:03 PM

    Wimal is talking sense. We need critics preferably enlightened critics.

    Kadiya Friday, 17 November 2017 07:17 AM

    but this man is a habitual critic who'd say a worm is not a worm even if it wriggles up his you know what!!!

    Park Thursday, 16 November 2017 05:46 PM

    Partly to pay the money that was stolen by Wimal.

    Kamal Thursday, 16 November 2017 06:11 PM

    shut the gully mouth wimal government has to overcome the curruption that you all did in last regime if u r sad about the loans sell your illegal properties and pay the debts


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H

MIRROR CRICKET

More