INSUBCONTINENT EXCLUSIVE:
Since 2016, all government borrowings have been used to settling debt
Not for any other expenditure,& Finance Minister Mangala Samaraweera has disclosed.In a media release yesterday, Minister Samaraweera
pointed out that when former President Mahinda Rajapaksa assumed office in 2005, government debt per citizen was Rs.113,131, but when he
355,708.&The real picture is even worse
Until 2007, virtually all of Sri Lanka foreign debt was on concessional terms
But from 2007 onwards, Sri Lanka started to commit the ‘original sin& of borrowing in foreign currency loans on expensive commercial
