The country is currently facing a non-righteous debt situation and it could lead to a debt crisis if not tackled early, Governor of Central Bank Indrajit Coomaraswamy said.
The Governor made these observations when he testified at the Presidential Commission of Inquiry (PCoI) on irregularities at SriLankan Airlines, SriLankan Catering and Mihin Lanka on Wednesday (7).
He told the Commission that his colleagues in the debt department were capable of managing the situation but highlighted that it is the duty of each citizen to be aware of government policy.
Mr. Coomaraswamy added that every citizen should act in line with government policy and people should elect MPs those who are cautious enough to handle financial matters as their representatives.
“I am not referring to any government, in particular, it’s been the case ever since we received independence,” Coomaraswamy said. (Yoshitha Perera)
Hari Mani Friday, 9 November 2018 07:54
Airlanka ruined by MR's BIL, taking the country and the air hostess for a ride.. And the guy is still free and enjoying the spoils..
Reply : 4 102
Genuine Men Friday, 9 November 2018 07:55
Please be aware that Prez will appoint someone else for your post and remove you soon
Reply : 6 95
Lankan Friday, 9 November 2018 08:07
No issues Sir. China will give us loans to repay the loans.Let the caravan move on.
Reply : 7 63
Fool Saturday, 10 November 2018 11:00
That's right ..rely on those wonderful Chinese ...no human rights ,no freedom, oppression of their own people ...and when you can't repay the debt ,don't come crying for help
Reply : 0 4
bushel Friday, 9 November 2018 08:09
SIR WE DID SO.
Reply : 2 29
Aja Friday, 9 November 2018 08:19
If this is the case lets start with RW . Why the hell did he appoint your former govener and do a day light robbery . U guys came as clean peopel but did the same . Same RW appointed you . So now do not tell the people of the country including you and good friend should take the blame as well .
Reply : 71 27
mnsmart Friday, 9 November 2018 08:20
Best advise ever, if the voter follows it
Reply : 5 78
Debt citizen Friday, 9 November 2018 17:52
can you please sir declare how much loan we have and belongs to which country also how much debt paying off every year? if you or someone can tell to media ; whole county will know the current financial situation is!!!
Reply : 0 16
laksiri Saturday, 10 November 2018 00:33
when air line was managed by uneducated animal how can make any progress or profit from this entity using treasury grantee and borrowing at highest rate and leasing the jets at highest lease rate to make commission from each deal how this poor nation can go further.soon this country will be the first bankrupted nation in the Asia.
Reply : 0 3
GH Saturday, 10 November 2018 23:27
Pack your bag and baggage to leave the country to be re-appointed as Raj Rajaratnam's financial adviser once again.
Reply : 1 2
Chillers Sunday, 11 November 2018 11:18
Don't get me wrong. But our politicians are disgusting. Worse than street dogs..
Reply : 0 2
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