financeMinister says countries total debt amounts to Rs 8999 billion


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The finance Minister Ravi Karunanayake says that the total public debt of the country has soared up to 8999 billion rupees due to the haphazard policy of obtaining loans by the previous government.

He said country’s public debt was 1784 billion rupees by the year 2005.

The finance Minister revealed this information during a media briefing held at his ministry this morning.

The Minister also rejected certain rumors that the government is planning to privatize state banks.

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