Lebanon is the only country in the world that pays a higher amount of interest on loans than Sri Lanka as a percentage of national revenue
Occurred in Sri Lanka on Aug. 5, 2021 at 3:28 p.m.
Reported by Nishadi Gunatilake via Internet on Oct. 4, 2021 at 3:40 p.m.
Reported by Nishadi Gunatilake via Internet on Oct. 4, 2021 at 3:40 p.m.
# Economic crisis
# National debt
This report is Confirmed true
and is of
Low Priority.
Here is why -
MP Eran Wickramaratne had stated 70% of government revenue is spent on interest on loan repayment and that Lebanon is the only country in the world that pays higher interest than Sri Lanka as a percentage of national revenue. An external fact checker has confirmed that this is true: http://factcheck.lk/claim/eran-wickramaratne-12.