As the government has failed to meet their anticipated income targets this year, talks are underway to obtain another Rs. 100 billion loan, it is reported.
The loan facility would be implemented by the last quarter of this year as there is a Rs. 300 billion shortfall from the government’s anticipated income.
It is also reported that the government has already obtained loans amounting to the allowed limit and in the event further loans are to be obtained a proposal must be presented to parliament shortly and the government loan limit should be enhanced.
Economic analysts have warned that the interest rates lowered by the government would again have to be raised.
(Mirror)