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Saturday, 15 February 2014 - 13:03
TREASURY FOOTS GOVT. CORPS' LOAN BILL
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Treasury Secretary Dr. P. B. Jayasundera says that payments due to State Banks as loans outstanding by Government Corporations and Statutory Boards are to be settled by the Treasury within the next two weeks.

He said a Cabinet Memorandum has been submitted by the Treasury, seeking permission to settle outstanding loans plus interest which Government Corporations and Statutory Boards owe to State Banks.

Dr. Jayasundera said the decision was taken with the long term well-being of the country's economy in mind.
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