{"id":76816,"date":"2018-04-26T03:45:49","date_gmt":"2018-04-26T10:45:49","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=76816"},"modified":"2018-04-26T03:45:49","modified_gmt":"2018-04-26T10:45:49","slug":"unprecedented-depreciation-of-sl%e2%80%88rupee-increase-in-public-debt-during-past-one-week-equal-to-cost-of-colombo-airport-expressway","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2018\/04\/26\/unprecedented-depreciation-of-sl%e2%80%88rupee-increase-in-public-debt-during-past-one-week-equal-to-cost-of-colombo-airport-expressway\/","title":{"rendered":"Unprecedented depreciation of SL\u2008rupee: Increase in public debt during past one week equal to cost of Colombo-airport expressway"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em><span class=\"article_date\">Courtesy The Island<\/span><\/em><\/span><\/h2>\n<p><span class=\"article_date\">April 26, 2018, 12:05 pm<\/span><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.island.lk\/modules\/modPublication\/article_title_images\/1836854093DI-P01-26-04-(P)-tas--FINAL-17.jpg\" alt=\"article_image\" \/><\/p>\n<p>Cabraal<\/p>\n<p>Former Central Bank Governor Ajith Nivard Cabraal yesterday said that during the past one week, the Sri Lankan rupee had depreciated Rs. 1.58 (from Rs. 157.46 to Rs. 159.04) against the US dollar. Since the foreign debt of Sri Lanka was approximately USD 30 billion, the depreciation of the currency, during the past week, had increased the total public debt by around Rs. 47 billion, he added<\/p>\n<p>To understand such debt increase in perspective, the following facts were relevant, Cabraal said: a) The investment on the Colombo-Katunayake Expressway was Rs. 48 billion, b) The investment on the Mattala airport was Rs.30 billion, c) The expenditure in 2014 for the Samurdhi benefit and the Fertilizer subsidy was Rs.47 billion, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Island April 26, 2018, 12:05 pm Cabraal Former Central Bank Governor Ajith Nivard Cabraal yesterday said that during the past one week, the Sri Lankan rupee had depreciated Rs. 1.58 (from Rs. 157.46 to Rs. 159.04) against the US dollar. Since the foreign debt of Sri Lanka was approximately USD 30 billion, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-76816","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/76816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=76816"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/76816\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=76816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=76816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=76816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}