Mr. Wasantha Athukorala, Professor of the Department of Economics and Statistical Studies of the University of Peradeniya, said that the latest reports indicate that the government has obtained loans of five million sixty three thousand four hundred rupees from the treasury bills and bond market in the first eight months of this year. Sri Lanka Latest News
He also said that four lakh seventy nine thousand nine hundred crores from treasury bills and eighty five thousand five hundred crores from the bond market have been obtained.
Mr. Athukorala said that he will have to pay 46,000 crore rupees as interest for this loan and that the professor has taken a loan of 1.2 thousand rupees from the local market in August this year alone.
Meanwhile, he said that only in the last week of August, 35,000 crores of loans have been taken.
The professor said that due to the non-receipt of bill income in the first seven months of this year, the growth of government expenditure and the continuous maturing of local short-term loans, the government had to take loans from the local market.
