Sri Lanka govt to borrow Rs1,944bn in 2019

ECONOMYNEXT – Sri Lanka’s government plans to borrow 1, 944 billion rupees from local and foreign sources for its debt servicing including the financing of the budget deficit in 2019, the finance ministry said.

A statement said 2, 057 billion rupees has been allocated for debt servicing in 2019.

“This is the largest amount of money a government in the history of this country is compelled to bear in repaying its borrowings.”

Out of this amount, 1, 271 billion should be paid locally next year while 786 billion rupees, which is equal to 4,650 million US dollars, should be paid to foreign lenders.
(COLOMBO, 02 October, 2018)
 

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