Finance Ministry Secretary Mahinda Siriwardena said that the country was not declared bankrupt, only a declaration was made that the selected debts could not be paid.
He also disclosed that the Finance Board of the Central Bank had given a secret report to the Minister of Finance in 2022 that inflation would increase and foreign reserves would decrease.
He made a statement in front of the committee headed by Mr. Sagara Kariyawasam to find the reasons that made the country bankrupt.