Government to obtain debt moratorium from 2023 to 2027: President

6 March 2024 10:32 am Views - {{hitsCtrl.values.hits}} 11 Bookmark

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Parliament March 6 (Daily Mirror)- The government is expecting to obtain a debt moratorium from 2023 to 2027, President Ranil Wickremesinghe announced in Parliament today.

Making a special statement in Parliament, he said the government will resume repaying debts between the period of 2027 and 2042.

"We are expecting to obtain a debt moratorium from 2023 to 2027. It means that from January 2023 to December 2027. After that, we will repay the debts from 2027 to 2042," he said.

Comments - 11

Voter Wednesday, 06 March 2024 10:46 AM

This man also should’ve been in Supreme Court list who were responsible in bankrupting this country as his yahapalana regime obtained more loans during his tenure ….

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Nimal Wednesday, 06 March 2024 10:53 AM

That is how he says the economy has been revived. Postpone all payments due as long as possible so that the next generation will have to bear the brunt of all the financial mismanagement, fraud and corruption of all successive regimes.

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saman Wednesday, 06 March 2024 11:34 AM

We wonder if any one is listening to you. Every day there are protests in the country. People are suffering. How can you run a country like this? How many more months people have tolerate these sufferings? Since you were not elected by the people and you don't have the peoples mandate, best thing is to call for an election.

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kicking the can down the road Wednesday, 06 March 2024 11:59 AM

To deal with it after 3 years is not going to be easy.

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Lanka Wednesday, 06 March 2024 12:11 PM

It means you are putting the responsibility on the shoulders of the next generations. you all have bankrupted the country and made the next generations pay for your political blunders. Now, you have not only destroyed the lives of this generation but are willing to pass the ball on to the next generations as well. what an irresponsible politics is this? In a sense, there is no alternative but you must have the courage to punish all those who have done this harm to this country otherwise, the politicians who come after you will do the same thing ( blaming games and passing the ball. You are a crafty politician. You expect the economy will grow faster in the coming years. Yes, it will but you want to play a political game through that economic growth prediction. No wonder why people describe you as a foxy in politics.

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Priyanee Wijesekera Wednesday, 06 March 2024 12:27 PM

Oh dear !now the NPP will say that they will obtain the moratorium until 2050.

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LK Wednesday, 06 March 2024 01:17 PM

What kind of mortarium is this? As long as the people of this country are fools in politics and economy and as long as they are ready to obey what politicians dictate to them there is no hope in this country. The country will suffer a lot after the next elections because whoever comes to power will pay the price for these political blunders. some fundamental mistakes have been made. 1) borrowing money with a high interest rate is one of the reasons and now we can not pay back loans and interest. 2) in the name of developments some have looted a lot of public money through commission and by other means. 3) Now the government does mot have money to run the country and now we are looking for alternatives to all these problems. first, we need to clean politics. wrong politics is the main reason for this all.

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FredSnR Wednesday, 06 March 2024 03:07 PM

Just kicking the can down the roadThere is no free lunch in such matters some valuable concession will have to be given,The question is what and how

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Rupapala Gunish Wednesday, 06 March 2024 03:43 PM

As you have no hope RW, it is only a dream - make another big bank robbery with RKNayagam and the Hora group!

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Nihal S Wednesday, 06 March 2024 04:21 PM

Well after your period? It is very clear, the economy is not recovering despite your claim of a recovery.

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Samuel Thursday, 07 March 2024 03:50 AM

The reporter has missed the President's last section on the video where he says the loan instalment is also to be reduced by almost half.

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