Former State Minister Cabraal misrepresents Covid-19 expenditure
The Government has spent more than Rs. 700 billion on controlling the COVID-19 pandemic and providing relief to people and that it is exactly half of the overall income of this country last year which was Rs. 1,380 billion…Rs. 50 billion had been spent on low-income earning families receiving Samurdhi allowances, Rs. 90 billion on providing medicines free of charge, Rs. 40 billion on behalf of disabled war heroes, Rs. 250 billion for pensions, Rs. 35 billion for fertiliser subsidies as well as Rs. 70 billion on various types of relief for state institutions running at a loss.
Daily News | August 30, 2021
Posted on: 13 October, 2021
False
MP Wickramaratne generates interest on Sri Lanka’s record cost of interest
70% of government revenue is spent on interest on loan repayment. Lebanon is the only country in the world that pays higher interest than Sri Lanka as a percentage of national revenue.
Daily FT | August 5, 2021
Posted on: 30 September, 2021
True
President shines light on CEB and CPC losses
The Ceylon Electricity Board (CEB) and Ceylon Petroleum Corporation (CPC) incur losses in the tens of millions [of rupees] per day.
Divaina | June 4, 2019
Posted on: 24 July, 2019
True