{"id":159601,"date":"2016-03-23T22:48:04","date_gmt":"2016-03-23T17:18:04","guid":{"rendered":"https:\/\/www.colombotelegraph.com\/?p=159601"},"modified":"2016-03-23T22:48:04","modified_gmt":"2016-03-23T17:18:04","slug":"govt-in-deeper-crisis-as-srilankan-unable-to-pay-1-billion-debt","status":"publish","type":"post","link":"https:\/\/www.colombotelegraph.com\/index.php\/govt-in-deeper-crisis-as-srilankan-unable-to-pay-1-billion-debt\/","title":{"rendered":"Govt. In Deeper Crisis, As SriLankan Unable To Pay $ 1 Billion Debt"},"content":{"rendered":"<p>The debt ridden national carrier, <a href=\"https:\/\/www.colombotelegraph.com\/?s=SriLankan+Airlines&amp;x=13&amp;y=3\"><span style=\"text-decoration: underline;\">SriLankan airlines<\/span><\/a> is dragging an equally debt ridden government into a fresh crisis having no way of paying up a nearly US $ 1 billion debt.<\/p>\n<p><a href=\"https:\/\/www.colombotelegraph.com\/index.php\/govt-in-deeper-crisis-as-srilankan-unable-to-pay-1-billion-debt\/ranil-w-5\/\" rel=\"attachment wp-att-159009\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-159009\" src=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/03\/Ranil-W-150x150.jpg\" alt=\"Ranil W\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/03\/Ranil-W-150x150.jpg 150w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/03\/Ranil-W-50x50.jpg 50w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>Speaking in Parliament on Wednesday, Prime Minister Ranil Wickremesinghe disclosed that within the next six weeks, his government will have to decide if the government had the capacity to absorb this debt, else the future course of action that should be taken to address this issue.<\/p>\n<p>\u201cMinister Kabir Hashim has informed me that this debt could be higher,\u201d Wickremesinghe said.<\/p>\n<p>The national carrier ran into huge debt under the chairmanship of <a href=\"https:\/\/www.colombotelegraph.com\/?s=Nishantha+Wickremasinghe&amp;x=13&amp;y=2\"><span style=\"text-decoration: underline;\">Nishantha Wickramasinghe<\/span><\/a>, the brother in law of former President Mahinda Rajapaksa.<\/p>\n<p>Early this month, Wickremesinghe revealed that his government was trapped in an almost Rs. 10 trillion debt, mainly left by the previous Rajapaksa administration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":159009,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,1,2375],"tags":[],"class_list":["post-159601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colombotelegraph","category-news","category-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt. 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