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Year 2021 Fiscal PositionPresident: Gotabaya Rajapaksa
Sri Lanka Debt Dossier 2021
Foreign reserves depleted below $1.6B as government used reserves to service external debt without IMF programme.
Total Debt StockRs. 17,589.4 B
USD Equivalent$87.5 B
Debt / GDP %104%
Interest / Revenue67.3%
Inherited Debt Disclaimer
IMPORTANT: Government debt is cumulative. Outstanding public debt in any given year includes borrowing accumulated across all prior administrations. Inheriting existing debt is distinct from issuing new net borrowings.
Political & Fiscal Leadership (2021)
- Executive President:Gotabaya Rajapaksa
- Prime Minister:Mahinda Rajapaksa
- Minister of Finance:Basil Rajapaksa
- Population (Est):22 Million
Why Debt Changed in 2021
Policy decision to honor all ISB maturities from reserves rather than initiating debt restructuring early.
Major Borrowing / Credit Events:
- PBOC China Currency Swap RMB 10B (US$ 1.5B)
- India ACU Credit Lines
Authoritative Verification Sources
CBSL Annual Report 2021(CENTRAL_BANK)
Verify at www.cbsl.gov.lk