Dec 21, 2018

52-day Rajapaksa regime sends debt to Rs. 200 b

The 52-day Rajapaksa regime had sent the total debt of the CEB, CPC, Water Board and SriLankan Airlines increasing to around Rs. 200 billion, according to ‘Lanka’ Newspaper.

The newspaper quotes economic analysts as saying they are analyzing the impact on state enterprises from this debt increase.

They note that the treasury already has to pump in around Rs. 20 billion every month for the maintenance of these institutions.

They are expected to release the results of a related survey carried out by university professors.

The brief regime by Rajapaksa had reportedly caused an estimated Rs. 840 million loss to key economic sectors.