You are here:: In Parliament Oral Q and A Oral Questions - Tuesday 21st July 2009
 
 

Oral Questions - Tuesday 21st July 2009

AddThis Social Bookmark Button

QUESTIONS FOR ORAL ANSWERS

To be raised by the Hon. Ravi Karunanayake when
Parliament meets on Tuesday 21st July 2009



1.    0075/’09
Hon. Ravi Karunanayake, – To ask the Minister of Finance and Planning, –

(a)    Will he inform this House on yearly basis from 2006 to 2009 all the loans taken in dollar terms or equivalent in dollar terms which the interest is greater than 3% along with the name of the lender?

Answer:

All loans taken in dollar terms or equivalent in dollar terms which the interest is greater than 3% along with the name of the lender from 2006 to 2009 are given in Annexure I, which was tabled.


(b)    Will he state –

(i)    the total liability, interest and capital shown separately from 2006 to 2015 on per year basis;

Answer:

Total domestic and foreign debt service payments (Amortisation and interest) are given in Table I below.

Table 1: Debt Service Payments 2006 – 2015* (Rs. Million)

Year: 2006
Capital Amortisation: 293,525
Interest: 150,777
Total: 444,302

Year: 2007
Capital Amortisation: 317,834
Interest: 182,681
Total: 500,515

Year: 2008
Capital Amortisation: 380,330
Interest: 212,475
Total: 592,804

Year: 2009
Capital Amortisation: 492,146
Interest: 253,288
Total: 745,434

Year: 2010
Capital Amortisation: 406,908
Interest: 177,076
Total: 583,984

Year: 2011
Capital Amortisation: 264,605
Interest: 138,527
Total: 403,131

Year: 2012
Capital Amortisation: 271,826
Interest: 121,867
Total: 393,692

Year: 2013
Capital Amortisation: 254,959
Interest: 88,276
Total: 342,235

Year: 2014
Capital Amortisation: 68,577
Interest: 27,499
Total: 96,077

Year: 2015
Capital Amortisation: 98,839
Interest: 24,354
Total: 123,193

Source: Central Bank of Sri Lanka

*Data from 2006 to 2008 are actual data and from 2009 to 2015 are based on the existing Debt Stock as at end 2008.


(ii)    the Government revenue for each year from 2006 to 2009; and

Answer:

Details are given in Table II as indicated below.

Year: 2006
Revenue: 477,833

Year: 2007
Revenue: 565,051

Year: 2008*
Revenue: 655,259

Year: 2009**
Revenue: 854,999

Source: Central Bank of Sri Lanka

*Provisional
**Approved estimate in the original budget


(iii)    the Government’s forecast for revenue for 2010 to 2015?

Answer:

Estimated Government Revenue (Rs. Million)

Year: 2010
Revenue: 894,202

Year: 2011
Revenue: 1,092,926

Year: 2012
Revenue: 1,311,512

Year: 2013
Revenue: 1,586,929

Year: 2013
Revenue: 1,904,315

Year: 2015
Revenue: 2,247,091


(c)    If not, why?

Answer:

Does not arise