Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka improves public debt management, Central Bank data shows
Thu, Aug 7, 2014, 09:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 07, Colombo: The Sri Lankan government has improved its public debt management as mid-year statistics released by the Central Bank Thursday showed a rapidly improving debt profile.

According to the Central Bank data, the debt-to-GDP ratio falling to 74.3 percent by June 2014, has reached the year-end target by mid-year.

Sri Lanka's Public Debt to GDP ratio declined from 90.6% by end of 2005 to 78.3% by the end of last year.

The average maturity of domestic debt extended to six years in mid-June from last year's 4.8 years while the Foreign-debt maturity increased to 10.4 years from 9.8 years in the same period.

Earlier this year, the Governor of Central Bank Ajith Nivard Cabraal said Sri Lanka is moving towards a target of 65% Public Debt to GDP ratio by 2016 and necessary steps are being taken in that regard.

Sri Lanka's total debt currently stands at US$ 55.19 billion while GDP reached US$ 67.18 billion in 2013.

Releasing the mid-year statistics the Central Bank said public debt management strategies are formulated and implemented in accordance with the clearly articulated Medium Term Debt Management Strategy (MTDS) prepared by the Ministry of Finance and the Central Bank.

ColomboPage - Recent 10 Stories
FCID instructed to make arrests over investigations into companies owned by MP Namal Rajapaksa
-- [33 minutes ago]
Sri Lanka's Colombo inflation rises to 6.0 percent in June 2016
-- [3 hours ago]
Sri Lankan Prime Minister to attend the third South Asian Diaspora Convention in Singapore on July 18-19
-- [3 hours ago]
External debt of Sri Lankan government stood at US$ 23.1 billion by the end of April 2016
Sri Lanka exports 78 tonnes of fish in a week after EU ban lifted
Sri Lankan Deputy Minister in serious condition after suicide attempt
Term of 23 LG bodies end today, will not be extended - Minister
Norway calls on Sri Lanka to include international jurists in judicial mechanism
Sri Lanka demonstrated increased efforts to prevent human trafficking in 2015, but failed to meet minimum requirements - report
Former Sri Lanka Army chief Field Marshal Sarath Fonseka joins ruling UNP

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.