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Government borrowings from banking sector, including CB surge in July

Borrowings by the government in July from the Central Bank and licensed commercial banks amounted to a whopping Rs.320 billion, nearly double the figure in June, as the government settled a billion dollar bond from printed money while the semi-dormant economic activities weighed on State coffers as tax collection faltered. 
According to the latest data available through July, the government had borrowed a total of Rs.318.8 billion during the month, a large part of which or Rs.213.48 billion was caused by the fresh money printed to settle the bond on July 26.

https://www.dailymirror.lk/business-news/Government-borrowings-from-banking-sector-including-CB-surge-in-July/273-219584

Daily Mirror
2021-09-03