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The government has to spend Rs. 5800 million for debt servicing per day while state revenue is estimated to be Rs. 5460 million, the 'Lanka Truth' news website reported.

Therefore, the government will have to take additional loans amounting to Rs. 340 million per day to pay the outstanding loan installments and interest payments, illustrating the extent of Sri Lanka's debt payment crisis, the news website said.

They pointed out that the government will have to pay Rs. 2360 million in interest payments and Rs. 3340 million in loan installments daily.

Sri Lanka will have to pay an estimated Rs. 2110 billion to meet its debt obligations for the year while only Rs. 1990 billion is expected to be gained via state revenue, 'Lanka Truth' said.