Sri Lanka confident of not defaulting on its debt, says FM Basil Rajapaksa
The Hindu
‘By 2024, we are confident we will be able increase reserves and put debt on a sustainable footing,’ he says.
Sri Lanka is confident of not defaulting onand will work on gradually improving the quality of its foreign exchange reserves,said on Saturday, November 13, 2021, a day after presenting the 2022 annual budget.
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The government will reduce its budget deficit to around 8.8%of gross domestic product in 2022, the Finance Minister had said in his speech on Friday. The deficit target for 2021 was revised to 11.1%.

“Judicial time is a valuable public resource. Every frivolous or misconceived invocation of constitutional jurisdiction results in diversion of time from genuinely deserving litigants,” said the Madurai Bench of the Madras High Court while imposing a cost of ₹50,000 on a man from Theni district who filed a petition with an unusual prayer: permission to conduct daily protests till the ‘World War’ ends.












