Sri Lanka, Nov. 14 -- Sri Lanka borrows Rs. 85 for every Rs. 100 spent on development, while the Government has failed to strengthen the economy despite the financial resources available to it, Sri Lanka Podujana Peramuna (SLPP) National Organiser and MP Namal Rajapaksa has claimed.

Addressing Parliament today during the Budget debate, Rajapaksa challenged the Government's claims of sound financial management, arguing that much of the funding for development projects, including roads, highways, bridges and schools, comes 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 Gover...