INSUBCONTINENT EXCLUSIVE:
The government of Sri Lanka has decided to halt the printing of money, Cabinet Spokesman Bandula Gunawardena announced.Speaking at the
Cabinet briefing held this morning (17 Jan.), Gunawardena noted that despite the ongoing financial crisis, the government has decided to
to obtain any loans, as we have already made it clear to the international forum that we need our debts to be restructured as we are unable
Thus, we cannot obtain any loans, nor can we print more money, because if we do so, we will be unable to obtain any loans in the future as
Ministry, only a total of Rs
141 billion was earned by the government for the month of December 2022 by way of tax and other forms, while the cost incurred for that
154 billion.Questioning how the government is supposed to bear these expenses, Gunawardena stressed that management of finances has now
become impossible, adding that finding an alternative solution too, seems unlikely.
