'Budget deficit to surpass Rs 1,300 B'

2015 Budget has completely neglected the debt trap Sri Lanka is caught in, as the individual debt of a Sri Lankan would exceed Rs 400,000 in 2015, JVP MP Vijitha Herath said.Budget deficit mentioned by the govt is Rs 521 billion, but that does not include the loan installments which the govt has to pay. He said that the annual loan installment for the debt amounts to Rs 840 billion, once it is added to the govt expenditure; Budget deficit would exceed Rs 1,300 billion. Read More
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