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Ranil promises to resolve debt crisis by 2025

Sri Lanka's prime minister Ranil Wickremesinghe on Tuesday promised to resolve the island's debt crisis by 2025. 

"Just like good parents don't pass on their debt burden to the children, this government will not hand over the country's debt to the future generations and Sri Lanka will be a country free of debt by 2025," Mr Wickremesinghe was quoted by Colombo Page as saying. 

"The government has to increase the taxes to repay the debt. That situation will harm the income of the general public. Therefore, the government is committed not to pass on this severe problem to the future generations," he added.