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Year 2012 Fiscal PositionPresident: Mahinda Rajapaksa
Sri Lanka Debt Dossier 2012
Post-war infrastructure drive accelerated borrowing for highways, ports, and power plants.
Total Debt StockRs. 6,000.1 B
USD Equivalent$47 B
Debt / GDP %79.2%
Interest / Revenue35.1%
Inherited Debt Disclaimer
IMPORTANT: Government debt is cumulative. Outstanding public debt in any given year includes borrowing accumulated across all prior administrations. Inheriting existing debt is distinct from issuing new net borrowings.
Political & Fiscal Leadership (2012)
- Executive President:Mahinda Rajapaksa
- Prime Minister:D. M. Jayaratne
- Minister of Finance:Mahinda Rajapaksa
- Population (Est):20.7 Million
Why Debt Changed in 2012
Southern Expressway, Mattala Airport, and Colombo Outer Circular Highway construction loans.
Major Borrowing / Credit Events:
- US$ 1.0B 10-Year Sovereign Bond @ 5.875%
- China CDB Loan for Southern Expressway
Authoritative Verification Sources
CBSL Annual Report 2012(CENTRAL_BANK)
Verify at www.cbsl.gov.lk