Peace for the World

Peace for the World
First democratic leader of Justice the Godfather of the Sri Lankan Tamil Struggle: Honourable Samuel James Veluppillai Chelvanayakam

Wednesday, December 26, 2012

People s debt burden increased by 25 percent

Wednesday , 26 December 2012
An individual Sri Lankan's debt burden is increased by 25 percent was pointed out by Sri Lanka Central Bank statistics.
 
Last year this amount was 245,980 rupees, but now it has increased to 308,171 rupees. On the basis of an individual debtor, the loan money which is paid to the Sri Lanka government, dividing the total population, this amount was valued.
 
Sri lanka population in year 2012, 20,277,597.The debt amount 5133 billion dollars is the total amount to be settled to the government.
 
During the past 8 months period 1,115.6 billion is increased by 6,248.9 billion rupees.
 
The local debt from 449 billion has increased by 16 percent, and has increased to 3,253 billion.
 
Foreign debts have increased from 666.5 billion to 28.6 percent, has increased to 2,995.8 billion.
 
According to Economy expert’s data, country’s export earning, for the past 9 months have increased by 8.3 percent, import expenditure increased by 11.2 percent.
 
Due to this reason increase has occurred in state loans was cited.