Dec 15, 2017

Every Sri Lankan to owe over Rs. 600,000? Featured

Together with the borrowings in the past three years to bridge the budget deficit and the projected loans for next year, public debt has soared to make every Sri Lankan owes Rs. 327,972 to the world.

At the end of the 10 years of the Rajapaksa regime, that figure stood at Rs. 348,627, up from Rs. 112,239 previously.

During that regime, the figure rose by Rs. 236,388.

Economists say that the present government has obtained more loans in four years, than what the Rajapaksa regime obtained.

If the borrowings are made as projected, the figure will go up to Rs. 676,599 by the end of 2018.