Minister Jayantha: “Too much interest” in the cost of debt restructure delay
With regard to sovereign bonds, due to just the significant delay in the restructuring process, we will have to pay an additional USD 1.7 billion as outstanding interest…What I would like to highlight is that we had to pay an unnecessary amount as interest due to these negotiations.
Parliament | December 5, 2024
Posted on: 10 February, 2025
Partly True
Prof. Jayantha explains govt. borrowing
[…] the Central Bank has issued treasury bills of LKR 465.1 billion during the period between September 27 and October 15, […] LKR 400 billion out of the total of LKR 465.1 billion has been utilised for debt servicing.
Daily Mirror | October 17, 2024
Posted on: 1 November, 2024
True
Former president in some difficulty on no difficulty on debt repayment
Our management of the economy resulted in an unbroken nine-year economic boom. We had no difficulty in paying off our debts […]
EconomyNext | May 12, 2024
Posted on: 11 July, 2024
Partly True
MP Withanage lands on SriLankan Airline debt per family
By the end of the 2023 financial year, the losses of SriLankan Airlines amounted to LKR 609 billion […] Every family in this country, […] has been placed in a position where they have to pay LKR 107,000.
Parliament YouTube channel | May 8, 2024
Posted on: 13 June, 2024
True
MP Ranawaka shows Sri Lanka borrowed more than it repaid in foreign loans
Even though the @CBSL reported that a $ 2 billion loan repayment was made, $ 3 billion was borrowed from multilateral sources during the same period.
Patali Champika Ranawaka’s X account | April 8, 2024
Posted on: 9 May, 2024
True
MP Rajapaksa misrepresents past reduction of debt burden
My government reduced the debt-to-GDP ratio from 90% at the end of 2005 to 69% at the end of 2014.
NewsFirst.lk | December 20, 2023
Posted on: 1 February, 2024
Partly True
AKD overblows RW’s yahapalanaya debt
When Ranil Wickremesinghe came to power in 2015, our debt was LKR 8.5 trillion […] In 2020, the country’s debt […] stood at LKR 15 trillion […] Approximately, Ranil’s five years put the country more in debt by LKR 6.5 trillion.
JVP Sri Lanka Facebook page | October 22, 2023
Posted on: 7 December, 2023
False
MP John Seneviratne thrice muddled on debt increase claim.
At the time when Hon. Mahinda Rajapaksa handed over the government, we had only 72% of foreign loans. However, soon after the Yahapalana government, when we came into power that percentage has been increased up to 96%. Therefore, we must say, it was during their 5-year tenure [Yahapalana government] have taken an enormous amount of loans.
Parliament Hansard | November 15, 2021
Posted on: 16 December, 2021
False
MP Rohana Bandara notes notable debt to China
14% of Sri Lanka’s debt is owed to China…
Dinamina | May 10, 2021
Posted on: 3 June, 2021
True
MP De Silva correct on concerns of rising LKR debt
…the government made a hue and cry [those days] saying that the debt rose by Rs. 5,700 billion in five years, didn’t they? However, during their time, it has risen by [approximately] Rs. 1,000 billion in just four months… What this means is that the monthly increase in debt has risen by a factor of 2.5 as compared to the time of the previous government.
Samagi Jana Balawegaya Press Briefing | July 7, 2020
Posted on: 1 October, 2020
True