MP Herath misrepresents total interest payments

11 July 2019 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

 

 

On 28 May 2019, Divaina reported that MP Vijitha Herath made the following claim:


In 2018, while total government revenue was Rs. 1,920 billion, interest payment on debt was Rs. 2,088 billion and exceeded the revenue by Rs. 168 billion.

The 2018 Annual Report of the Central Bank of Sri Lanka (CBSL) reports the following as provisional estimates: total government revenue in 2018 as Rs. 1,919.973 billion (~Rs. 1,920 billion) and total interest payments as Rs. 852.19 billion.


In making his point about interest payments MP Herath correctly cited the total revenue for 2018. But the Rs. 2,088 billion figure he reported as total interest payments was far from the correct figure of Rs. 852 billion. This also means that, contrary to what was claimed by the MP, interest payments were well 


below total revenue, rather than exceeding it.


Therefore, we classify the MP’s claim as FALSE.

 

FactCheck is a platform run by Verité Research. 
For comments, suggestions and feedback, please visit
www.factcheck.lk.   

 

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

 

  Comments - 0

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

 

 

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




“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

“I am the Godfather of Russian tourists” - Udayanga Weeratunga

Former Sri Lankan Ambassador to Russia Udayanga Weeratunga is back in the sce

Sri Lankan migrant workers still in limbo

Sri Lanka’s migrant workers are a significant part of our economy, with the

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