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Sri Lanka Equity Forum » Stock Market Talk » Borrowings from Abroad - where do we stand

Borrowings from Abroad - where do we stand

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1 Borrowings from Abroad - where do we stand on Fri May 09, 2014 1:33 pm


Manager - Equity Analytics
Manager - Equity Analytics
There have been various news items of us borrowing huge amounts from abroad for so called development activities. The politicians, economists and Finance Ministry and CB officials of all the Governments past and present are boasting of the economic stability for being able to borrow from ADB, WB, IMF, China, Japan, etc. Are we not falling into a debt trap because most of these borrowings are used in activities not yielding a healthy return. Ultimately who is going to pay these foreign loans and what is the plight of the country the day we default any payment. Isn't it the people who will be required to pay these loans obtained by the officials they are representing. Then don't the people have a right to know how much the country is borrowing at what rate and for what purpose. True, you cannot get the approval from the people before borrowing but should not these facts and figures reported back to the public by way of disclosure in newspapers or are these officials so intelligent to decide and public so dumb to understand.


Manager - Equity Analytics
Manager - Equity Analytics
Sri Lanka recorded a Government Debt to GDP of 79.10 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Sri Lanka is reported by the Central Bank of Sri Lanka. From 1990 until 2012, Sri Lanka Government Debt To GDP averaged 92.0 Percent reaching an all time high of 103.2 Percent in December of 2001 and a record low of 78.5 Percent in December of 2011. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
who said the stat department doctoring the gdp data?


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
At least 50% of such borrowing should be used for export oriented products in order to cover a part of debt service cost. Utilization of all funds for infrastructure development means, a humongous amount of capital become dormant earning nothing directly or indirectly over a long period of time & another part smoothly creep into the pockets of corrupted group associated with top to down politicians. Future generations would be trapped in paying the current debt what is being enjoyed right now by a small privileged class.

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