Tuesday, October 20, 2015

Parliament Has Approved A Proposal To Increase The Maximum Limit Of Loan Government Can Borrow Through Treasury Bills From Rs.400 Billion

The Parliament has today(20) approved a proposal to increase the maximum limit of loan government can borrow through issuing  of Treasury Bills from  Rs.400 billion.

As parliament has approved the proposal submitted by Finance Minister Ravi Karunanayake the maximum limit of loan government can borrow through issuing  Treasury Bills has been increased to Rs.1250 Billion from Rs.850 Billion.

The same proposal submitted by this government during it's 100 day Programme prior to the General Election held in August has been defeated at the Parliament then.

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