Thursday, November 12, 2020

Sri Lanka government gets historic Rs. 2,650 billion loans in 2020

Kabir Hashim, MP, SJB

Sri Lanka government has obtained Rs. 2,650 billion loans in 2020, some even without the approval of the parliament, Sri Lanka Opposition MP Kabir Hashim said in the parliament today. "It is the highest amount of debt Sri Lanka obtained within a year, in its history," MP Hashim highlighted. 

"The House is asked for a Covering approval for expenditures already incurred because the government has failed to get approval in advance," Hashim said.

"Two votes on account were passed for 1st Jan to Apr 30 and Sept 1st to December 31. However, there is a lapse of months from May 1 to Aug 20 no approval for expenses. President has no powers to approve of the 150 (3) of the constitution. Those expenses are illegal," MP Kabir Hashim stressed. 

"Rs. 721 billion loans were approved by the first vote on account. Loans of Rs. 1,300 were approved by the second vote on account. This is over Rs. 2,000 billion," he said.  

MP Kabir Hashim demanded the government to show what they had done with this much of money.

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