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As enacted
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Part III · Government Borrowing and Debt Management

17. Borrowing directly by the Government

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

The Minister on the recommendation of the Office and on such terms and conditions approved by the Cabinet of Ministers may borrow from banks, other financial institutions, sovereign lenders or any other person or institution through loan agreements or obtaining advances by overdraft.

Read on from s 18

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