Debt level tops Rs. 9,387 billion: New law to manage borrowings PM presents Cabinet memorandum for new Active Liability Management Law By Chandani Kirinde View(s): View(s):With the Government debt level in excess of Rs. 9,387 billion, a new Active Liability Management Law is to be enacted to make provision to raise loans, in and outside Sri Lanka, to manage public debt. The new law will allow Parliament, by resolution, to give approval to raise money during a particular financial year. The amount has been assessed after Sri Lanka’s loan repayment capacity was taken into consideration, officials told the Sunday Times.

Source: Sunday Times January 20, 2018 19:28 UTC