Boosting exports a solid way to get out of our debt crisis
Sri Lanka’s debt has increased from Rs. 7.3 trillion to Rs. 9.4 trillion in the last two years, with domestic rates moving up from 6% to 10.74%. On a domestic portfolio of Rs. 4,277.8 billion there would be an additional cost of around Rs. 202.1 billion and for the new borrowings, the total cost would be Rs. 113.25 billion. An amount of more than Rs. 315 billion would be required to pay back interest. Repayment of the foreign debt as at 1 January 2015 was Rs. 3132 billion. This has n
