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Year 2018 Fiscal PositionPresident: Maithripala Sirisena
Sri Lanka Debt Dossier 2018
Heavy foreign currency ISB issuances combined with Rupee depreciation pushed debt-to-GDP to 83.7%.
Total Debt StockRs. 11,983.4 B
USD Equivalent$65.8 B
Debt / GDP %83.7%
Interest / Revenue41.8%
Inherited Debt Disclaimer
IMPORTANT: Government debt is cumulative. Outstanding public debt in any given year includes borrowing accumulated across all prior administrations. Inheriting existing debt is distinct from issuing new net borrowings.
Political & Fiscal Leadership (2018)
- Executive President:Maithripala Sirisena
- Prime Minister:Ranil Wickremesinghe
- Minister of Finance:Mangala Samaraweera
- Population (Est):21.6 Million
Why Debt Changed in 2018
Refinancing large bunches of maturing international commercial loans using new market-rate ISBs.
Major Borrowing / Credit Events:
- US$ 2.5B Dual Tranche ISB Issue
- China Exim Bank Extension Loans
Authoritative Verification Sources
CBSL Annual Report 2018(CENTRAL_BANK)
Verify at www.cbsl.gov.lk