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Video: Govt. loans over the top: Ranil

23 December 2013 11:35 am - 6     - {{hitsCtrl.values.hits}}

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The total amount borrowed by the Sri Lankan Government after the war ended in 2009 far exceeded the amount borrowed since gaining of independence to 2004, United National Party (UNP) Leader Ranil Wickremesinghe said today.

He highlighted these facts at a ceremony held at the UNP headquarters, Sirikotha to mark the 46th anniversary of the Government Printing Services Union.

He said the total government debt during the past four years was Rs.4.8 trillion while Sri Lanka’s total borrowings from 1948 to 2005 were only Rs.1.5 trillion.

In another staggering disclosure, Mr. Wickremesinghe said the government debts between 2005 and 2013 amounted to Rs.6.8 trillion, but the amount spent on development projects was questionable.

Citing an example he said more than Rs.1 billion had been spent on constructing a kilometer of main roads. (Yohan Perera and Darshana Sanjeewa)
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  • Sri Lankan Monday, 23 December 2013 11:46 AM

    The problem with Sri Lankans...voting for Actors and brainless smooth talkers and not voting for people with brains...Sinhalaya modaya kawum kanna yodaya

    MODAYA Monday, 23 December 2013 11:50 AM

    All development work started only after the war , last 30 years no single public toilet build in north and east .. all happened after the war ... !!

    suneth Monday, 23 December 2013 12:18 PM

    I am not too sure about your figures and their figures. We need figures from independant authority extracted from indipendant machnism. Sorry, we may not ever get it.

    Sri Lankan Monday, 23 December 2013 12:33 PM

    You picked the perfect name MODAYA

    haa hoo Monday, 23 December 2013 12:39 PM

    Hey Ranil, who is the next UNP presidential candidate? I think you can first put your house in order. Loans probably would have been taken to stop killings by LTTE which is zero now. That's worth the money. We have no mothers, wives and children crying due to LTTE (which you support) action.

    Sim Monday, 23 December 2013 01:02 PM

    Current cost of development is more that what was from 1948 to 2005.


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