Feb 03, Colombo: Prime Minister Ranil Wickremesinghe says that the government will totally pay back the Rajapaksa era debt by 2020 and the burden of debt will not be inherited to the future generation.
Speaking at a public meeting of the United National Party in Kuliyapitiya today, the premier said the government inherited an economy which is in debt but it will not be passed down to the future generations.
He said steps have been taken to pay back the debt within the next two years with increased government revenues.
The Premier noted that the salaries of public servants were increased and exports have been increased. In 2017 country's revenues went up. After 66 years there is a surplus in the government primary account balance.
He also said that the government revenue is sufficient to pay back the Rajapaksa era loans and the future generation will not be left with the debt burden.
The Premier said the debt has to be paid in the years 2018, 2019 and 2020 and the period will not be extended. He said the government is determined to pay back the debt despite whatever obstructions or difficulties.
The aim is to give a bright future to the youth so that the children of the future generations will not have to pay excess taxes, the Prime Minister stressed.
Another UNP rally presided by the Prime Minister was held in Kantale today to ensure the victory of the UNP in that district.