A mechanism suited for the country to obtain credit is now ready, said Deputy Finance Minister Harshana Suriyapperuma.
Joining the budget debate in parliament, he said the institutional structure will be prepared to rally the people and to inform the country on how the budget would take the country to the future.
Contrary to claims by opposition MPs, it is not something to make the country bankrupt, he said, adding that their ideas were the ones that had led to a ruined economy.
Referring to managing the debt of the state, he said the intention is to obtain Rs. 4,000 billion on credit, as much as Rs. 3,500 billion of it domestically.
The entire process will be transparent, Suriyapperuma assured, adding that an office and a committee have been appointed to ensure that.
Instead of the programme of the past of obtaining credit on commercial ratings that made the country bankrupt, a mechanism is in place to do so in a manner appropriate for the country, said the deputy minister.
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