Jan 26, 2018

Rs. 10 trillion of loans but assets only 01 trillion - President

During the past 10 years, Sri Lanka has obtained foreign loans to the tune of Rs. 10 trillion, said President Maithripala Sirisena.

The President said this during the meeting with media heads held at the Presidential Palace today (26).
He noted that although Rs. 10 trillion has been obtained as foreign loans, only Rs. 01 trillion can be shown as assets based on Finance Ministry documentation.

President Sirisena also divulged that information is now surfacing on how state income had been conspicuously channeled to other private companies during the past three years.

He further noted that during the past years only around 40% to 60% of the funds allocated through the budget had been utilized.