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Year 1995 Fiscal PositionPresident: Chandrika Bandaranaike Kumaratunga
Sri Lanka Debt Dossier 1995
Public debt reached Rs. 579B (71.3% of GDP) during ongoing internal conflict and fiscal restructuring.
Total Debt StockRs. 579.1 B
USD Equivalent$11.3 B
Debt / GDP %71.3%
Interest / Revenue30.8%
Inherited Debt Disclaimer
IMPORTANT: Government debt is cumulative. Outstanding public debt in any given year includes borrowing accumulated across all prior administrations. Inheriting existing debt is distinct from issuing new net borrowings.
Political & Fiscal Leadership (1995)
- Executive President:Chandrika Bandaranaike Kumaratunga
- Prime Minister:Sirimavo Bandaranaike
- Minister of Finance:G. L. Peiris
- Population (Est):18.1 Million
Why Debt Changed in 1995
Defense expenditure obligations combined with concessionary multilateral funding for infrastructure development.
Major Borrowing / Credit Events:
- World Bank IDA Concessional Loan
- ADB Agriculture Project Loan
Authoritative Verification Sources
CBSL Annual Report 1995(CENTRAL_BANK)
Verify at www.cbsl.gov.lk