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Year 2015 Fiscal PositionPresident: Maithripala Sirisena
Sri Lanka Debt Dossier 2015
Total debt reached Rs. 8.5 Trillion as political transition introduced 100-day populist budget measures.
Total Debt StockRs. 8,503.2 B
USD Equivalent$59.1 B
Debt / GDP %71.3%
Interest / Revenue32.5%
Inherited Debt Disclaimer
IMPORTANT: Government debt is cumulative. Outstanding public debt in any given year includes borrowing accumulated across all prior administrations. Inheriting existing debt is distinct from issuing new net borrowings.
Political & Fiscal Leadership (2015)
- Executive President:Maithripala Sirisena
- Prime Minister:Ranil Wickremesinghe
- Minister of Finance:Ravi Karunanayake
- Population (Est):21 Million
Why Debt Changed in 2015
Public sector salary increases (Rs. 10,000) and tax cuts expanded recurrent deficit.
Major Borrowing / Credit Events:
- US$ 1.5B 10-Year ISB Issue
- Central Bank Treasury Bond Sales
Authoritative Verification Sources
CBSL Annual Report 2015(CENTRAL_BANK)
Verify at www.cbsl.gov.lk