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srilawsby aturio
As enacted
Contents

Part III · Government Borrowing and Debt Management

12. Borrowing authorization

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Subject to the provisions of this Act, the Minister has the sole authority to borrow and issue debt securities within or outside Sri Lanka in local or foreign currencies on behalf of the Government of Sri Lanka.

(2)

Debt of the Government of Sri Lanka shall be charged on the Consolidated Fund.

Read on from s 13

Part IV

Government Loan Guarantees, Government On-Lending, Suppliers’ Credit Agreements and Finance Lease Agreements

Read on from Part IV

Part V

Records and Publication of Public Debt and Finance Arrangements

Read on from Part V

Part VI

Annual Reporting to Parliament

Read on from Part VI

Part VII

Borrowing and Issuance of Guarantees by State Owned Enterprises and Reporting by Provincial Councils, Local Authorities and State Owned Enterprises

Read on from Part VII

Part VIII

Offences and Penalties

Read on from Part VIII

Part IX

General

Read on from Part IX