Sri Lanka parliament’s Committee on Public Accounts has approved extra spending of 231.5 billion rupees to cut state enterprise debt and repay an Indian credit line, a statement said.
Under the supplementary estimate to the budget Ceylon Electricity Board will get 129 billion rupees and SriLankan Airlines will get 102 billion rupees, a statement from the parliament said.
The two SOEs will repay Ceylon Petroleum Corporation.
The CPC will use the money to repay borrowings from the Treasury through an Indian credit line.
The Treasury will use the money to repay and Indian credit line used to import oil.
Source:Economynext
