Govt. In Deeper Crisis, As SriLankan Unable To Pay $ 1 Billion Debt
March 23, 2016
The debt ridden national carrier, SriLankan airlines is dragging an equally debt ridden government into a fresh crisis having no way of paying up a nearly US $ 1 billion debt.
Speaking in Parliament on Wednesday, Prime Minister Ranil Wickremesinghe disclosed that within the next six weeks, his government will have to decide if the government had the capacity to absorb this debt, else the future course of action that should be taken to address this issue.
“Minister Kabir Hashim has informed me that this debt could be higher,” Wickremesinghe said.
The national carrier ran into huge debt under the chairmanship of Nishantha Wickramasinghe, the brother in law of former President Mahinda Rajapaksa.
