SriLanka, Nov. 15 -- Sri Lanka borrows Rs. 85 for every Rs. 100 spent on development, while the Government has failed to strengthen the economy despite the funds available to it, Sri Lanka Podujana Peramuna (SLPP) National Organiser and MP Namal Rajapaksa said.

Addressing Parliament today during the Budget debate, he challenged the Government's claims of financial management, saying that much of the money spent on development projects, including roads, highways, bridges and schools, came from borrowing.

"For every Rs. 100 you boast about spending on development, you borrow Rs. 85. Another Rs. 3 comes as foreign aid. The balance is met through State revenue," he said.

Rajapaksa also criticised the Government's economic performance, clai...