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Year 2022 Fiscal PositionPresident: Ranil Wickremesinghe
Sri Lanka Debt Dossier 2022
HISTORIC SOVEREIGN DEFAULT (12 April 2022); LKR depreciated from 200 to 360/USD, inflating Rupee value of foreign debt.
Total Debt StockRs. 27,492.3 B
USD Equivalent$75.3 B
Debt / GDP %128.1%
Interest / Revenue78.4%
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 (2022)
- Executive President:Ranil Wickremesinghe
- Prime Minister:Dinesh Gunawardena
- Minister of Finance:Ranil Wickremesinghe
- Population (Est):22.1 Million
Why Debt Changed in 2022
Official suspension of external debt servicing following usable foreign reserves dropping below $20 Million.
Major Borrowing / Credit Events:
- Indian Credit Lines US$ 4.0B (Fuel, Medicine, Food)
- IMF EFF Staff-Level Agreement (Sept 2022)
Authoritative Verification Sources
MOF Annual Report 2022(OFFICIAL_GOVERNMENT)
Verify at www.treasury.gov.lk