The amount of interest the government pays for loans obtained is more than the income of the government said Deputy Minister of Public Enterprise Development Eran Wickremaratne.
Deputy Minister said that during the period 2015, 2016 the amount of loans have increased by 8 percent. Out of this, one percent is foreign currency loans while the balance is rupee denominated loans. These loans have been obtained to settle loans and for essential investments.
Deputy Minister Wickremaratne that the risk is very low with rupee denominated loans while the risk is high with Foreign exchange denominated loans
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