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Year 2020 Fiscal PositionPresident: Gotabaya Rajapaksa
Sri Lanka Debt Dossier 2020
COVID-19 pandemic caused economic contraction (-3.6%); debt-to-GDP crossed 100% threshold.
Total Debt StockRs. 15,117.2 B
USD Equivalent$81.1 B
Debt / GDP %100.6%
Interest / Revenue71.7%
Inherited Debt Disclaimer
IMPORTANT: Government debt is cumulative. Outstanding public debt in any given year includes borrowing accumulated across all prior administrations. Inheriting existing debt is distinct from issuing new net borrowings.
Political & Fiscal Leadership (2020)
- Executive President:Gotabaya Rajapaksa
- Prime Minister:Mahinda Rajapaksa
- Minister of Finance:Mahinda Rajapaksa
- Population (Est):21.9 Million
Why Debt Changed in 2020
Loss of international market access triggered credit rating downgrades; Central Bank money printing accelerated.
Major Borrowing / Credit Events:
- China Development Bank (CDB) US$ 500M Term Facility
- CBSL Treasury Bill Financing
Authoritative Verification Sources
CBSL Annual Report 2020(CENTRAL_BANK)
Verify at www.cbsl.gov.lk