Country’s total debt increases by 233%

Friday, 27 January 2017 - 9:41


The Ministry of Finance says Sri Lanka's total debt stock has increased by 233% to 7.391 trillion rupees during the period from 2005 to 2014.

According to a statement released by the Ministry of Finance, Sri Lanka’s total debt burden in 2005 was 2.22 trillion rupees and, within 5 years, in 2010, it increased up to 4.590 trillion rupees.

In addition, directly off the balance sheet, Public owned Enterprises, owe another 2 trillion rupees.

Accordingly, the debt servicing to be paid by Sri Lanka to foreign financiers is also increasing constantly.