Prof. Wasantha Athukorala

In the past year, 31% was allocated for capital expenses, while 69% was allocated for recurrent expenses. There appears to be no change in these proportions for this year either. […] Therefore, compared to the previous year, there is no indication of a structural change in fund allocation this year.

Accordingly, for interest payments alone, … LKR 2,651 billion in the 2024 budget. Accordingly, it is clear that relative to other things [expenses], a huge amount of money is spent on paying the interest on debt.