Government borrowing US $ 1,639 billion in 2010

Government borrowing US $ 1,639 billion in 2010  

The government’s total borrowings had increased to US $ 1,630 billion by the end of last year, according a report tabled in Parliament.

The report said that this was an increase of 21 percent against the total debt reported the previous year.

Of these borrowings, 39 percent were categorized as bilateral loans while another 39 percent was listed as multi-lateral loans. During the year under review, the government had spent US $ 840 million on instalment payments against such borrowings along with the interests accrued.

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