Civil society activist senior attorney Lal Wijenayake says all issues the country is faced with today are stemming from the prevalent debt burden.
Wijenayake addressing a media briefing in Kandy today said foreign loans that were obtained were not used for projects of economic value and were focused towards building the image of politicians.
He said debt significantly increased due to the economic mismanagement during the past several years.
He claimed with the Rajapaksa regime coming into power, obtaining loans became a norm.
Wijenayake stated obtaining loans is not a flaw of a government, claiming such loans must be directed towards fruitful projects and development initiatives.
He charged that the funds were instead allocated towards projects that failed to generate an income.