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Highest repayment of loans after independence being made this year; Finance Minister

ITN News Editor
By ITN News Editor September 12, 2018 19:01

Highest repayment of loans after independence being made this year; Finance Minister

Minister Mangala Samaraweera has said that 2018 is the year in which the highest percentage of repayment of loans had taken place after gaining independence.
The Minister made this reference addressing the Chief Executive Officers Conference organized by the Postgraduate Institute of Management Association. The Minister said the amount was nearly 1.9 trillion rupees. It was nearly 82 percent of the total cost of the year 2015. If citing an example, the Government tax revenue in 2017 was 1670 billion rupees. The overall repayment of loans in this year was 1603 Billion rupees.
The normal repayment of annual loans during the five year period from 2010 to 2014 was 990 billion rupees. The annual repayment of loans in the year 2018 was double when compared with the year 2017.
Sustainable long term solutions and easily identifiable benchmarks for Sri Lanka’s development will be implemented.
If this development is to be defined in a relative way, activities are taking place for the consolidation of the economic, social and political well-being of the nation.
The two most important aspects of developing a country is to liberate Sri Lanka from achieving democracy and having a history of ethnic issues. Many talk about the political freedom of citizens and its benefits.
A creative style is witnessed in the Government’s decision as a multi religious integrated country.

ITN News Editor
By ITN News Editor September 12, 2018 19:01
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