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Govt. Borrowings Increase

Jul 26, 2011 2:02:10 PM - thesundayleader.lk

The total borrowings of the government have increased to US$ 1,630 billion by end 2010, the local media has stated.

The media has quoted a report tabled in parliament as the source of information.

The report has stated that that the borrowings were an increase of 21 percent against the total debt reported the previous year.

The government has categorized 39 percent of the borrowings as bilateral loans while another 39 percent has been listed as multi-lateral loans.

The government had also spent US$ 840 million on installment payments including interest on the borrowings.