Rajapaksas increase state debt to Rs. 851.2 billion

Tuesday, 18 June 2013 

The loans taken by the Mahinda Rajapaksa government from banks have now increased to Rs. 851.2 billion. The government has in the month of April alone borrowed monies amounting to Rs. 76.8 billion from banks.

Government statistics have also revealed that state enterprises have borrowed Rs. 9.1 billion from banks in April this year.

Interestingly, the monies borrowed from banks by the private sector have recorded a steady decline while the government and the state sector loans have seen a drastic increase.

The Central Bank statistics have revealed that the private sector borrowings from banks were Rs. 7.6 billion this April. It is the private sector that plays a key role in the country’s production sector and the revelation by government statistics show a breakdown in the production sector of the economy.

MR act proves no justice in SL-SF TUESDAY, 18 JUNE 2013  Democratic National Alliance (DNA) Leader Sarath Fonseka said today the fact that President Mahinda Rajapaksa himself had to call the victimised teacher to assure her that justice will be done goes to prove that there is no justice in Sri Lanka. Mr. Fonseka was referring to the incident where a UPFA member of the North Western Provincial Council had allegedly humiliated a female teacher for disciplining his daughter on Friday. At a ceremony to appoint DNA electoral organisers, Mr. Fonseka said the provincial councillor should have praised the teacher for advising his daughter.  LSP