Latest reports of Central Bank of Sri Lanka have revealed that the local and external debts of the Government have sharply increased. The report says that the unpaid debt has increased by 4.5% now compared to the end of 2009.
According to economic indices of the Central Bank the accumulated local debts of the state in May 2010 rose by Rs. 22 million from Rs. 2.522 billion to Rs. 2.544 billion within a month.
Overall foreign debts of the government by end of May were Rs. 1.778 billion and it rose to Rs. 1.803 billion within a month.
By the end of June, the total unpaid debt of the government was Rs. 4.347 billion and it is an increase of Rs. 54 million from May. At the end of May the state debt remained at Rs. 4.293 billion, Central Bank reports showed.
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