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Year 2005 Fiscal PositionPresident: Mahinda Rajapaksa
Sri Lanka Debt Dossier 2005
Post-Tsunami reconstruction inflows helped stabilize debt-to-GDP at 90.6%.
Total Debt StockRs. 2,222.3 B
USD Equivalent$22.1 B
Debt / GDP %90.6%
Interest / Revenue38.5%
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 (2005)
- Executive President:Mahinda Rajapaksa
- Prime Minister:Ratnasiri Wickremanayake
- Minister of Finance:Mahinda Rajapaksa
- Population (Est):19.7 Million
Why Debt Changed in 2005
Strong GDP growth rebound (6.2%) combined with international concessional tsunami relief grants.
Major Borrowing / Credit Events:
- Tsunami Reconstruction Concessional Facilities
Authoritative Verification Sources
CBSL Annual Report 2005(CENTRAL_BANK)
Verify at www.cbsl.gov.lk