Govt. to keep hands off domestic debt

By Saman Indrajith

State Minister of Finance Shehan Semasinghe says the government has no plans to restructure domestic debt.In response to speculations on restructuring domestic debt, the State Minister of Finance said on Twitter that the Government has not made any decision to restructure domestic debt as external debt issues are still being discussed with external bilateral and commercial creditors.

He said the Government has no intention to impose any conditions on domestic debt which will have an adverse impact on the domestic banking sector, insurance sector and superannuation funds.

“The Government has not made any decision to restructure domestic debt as negotiations on external debt are still continuing with external bilateral and commercial creditors,” Minister Semansinghe said in a tweet.

“GOSL has no intention to impose any restructuring on domestic debt which will have an adverse impact on the domestic banking sector, insurance sector and superannuation funds.

“There is no basis for recent speculation announced on restructuring domestic debt,” he said.