Arab Today, arab today sri lanka parliament rejects raising 30bn in bonds
Last Updated : GMT 23:05:53
Arab Today, arab today
Arab Today, arab today

Sri Lanka parliament rejects raising $3.0bn in bonds

Arab Today, arab today

Arab Today, arab today Sri Lanka parliament rejects raising $3.0bn in bonds

Sri Lanka's parliament
Colombo - AFP

Sri Lanka's new government suffered its first setback in parliament Tuesday when its proposal to raise the state borrowing limit by over $3.0 billion was shot down by legislators after a heated debate.
The government of Prime Minister Ranil Wickremesinghe had asked the 225-member legislature to approve raising the Treasury Bond limit by 400 billion rupees ($3.0 billion) to 1,250 billion rupees.
MPs voted 31 in favour and 52 against in what analysts saw as a major embarrassment for the government.
There was no immediate reaction from the government to the shock defeat. But earlier in the day the ruling party said it needed more money to meet spending commitments made by the previous regime.
The government came to power after Maithripala Sirisena won the backing of most of the opposition and defeated strongman President Mahinda Rajapakse, who had ruled the country for a decade.
Despite lacking a parliamentary majority, Sirisena appointed the then-opposition leader Wickremesinghe to form a minority government.
Tuesday's vote exposed its vulnerability.
Sirisena came to power promising to scrap the executive presidency and return the country to a parliamentary democracy.
In his election manifesto, he promised to dissolve parliament on April 23 and call a fresh parliamentary election after establishing democratic institutions to run the public service, the police, the elections department and the judiciary.
Higher education minister Rajiva Wijesinghe resigned last month, saying political reforms had not gone far enough.
The new government has drafted a constitutional provision to reduce some of the president's executive powers and a two-day debate is scheduled from Thursday.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lanka parliament rejects raising 30bn in bonds Arab Today, arab today sri lanka parliament rejects raising 30bn in bonds

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday