Former minister Bandula Gunawardene of the former UNP government had revealed that the amount of black money in the country in 2002 was Rs. 600,000 million.
This amount has currently increased to Rs.1430000 million to Rs. 2140000 million reveals the Minister of Finance Ravi Karunanayake.
Meanwhile, cabinet spokesman Minister Rajitha Senaratne has said the amount of black money deposited in foreign banks is Rs. 5000000 million.
Economists say there was a fourfold increase of black money earned illegally during the previous regime.
They also believe that a black economy of 60% of GNP has been developed in the country.