Prime Minister comments on controversial Treasury Bond Issue

Prime Minister comments on controversial Treasury Bond Issue

Written by Staff Writer

04 Aug, 2015 | 9:32 pm

Speaking at the Sri Lanka Economic Summit 2015, Prime Minister Ranil Wickremesinghe spoke about the controversial treasury bond issue.

The Prime Minister said that they took a policy decision that there cannot be private be placements, unless urgent.

He said:

Why can’t you pay the market rates in the local market for the rupees when you are paying the market rates for the foreign bond holders? If it makes a capital that much more expensive for the government, then the government should re-structure its spending priorities.

Speaking further, the Prime Minister said that all those who served in this select committee and those who are re-elected will serve in that committee appointed by party leaders and they can re-investigate this fully.

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