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
CPJ asks Sri Lankan President to ensure improved climate for press freedom
-- [3 hours ago]
Sri Lanka parliament will be dissolved after April 23 - PM
-- [5 hours ago]
Government to resolve potable water problems in Batticaloa district soon
-- [5 hours ago]
Sri Lanka, UK seek enhanced economic and technical cooperation
-- [6 hours ago]
Sri Lanka's Speaker calls for a special parliament sitting on Monday to debate removal of Chief Justice
-- [7 hours ago]
Commonwealth Secretary General arrives in Sri Lanka on a three-day visit
-- [8 hours ago]
US Assistant Secretary of State Nisha Biswal to arrive in Sri Lanka on Monday
Sri Lanka's John Keells to continue Waterfront property project without gaming facility
Sri Lanka Elections Commissioner announces holding elections for two local bodies in North
Canada hopes for a transparent, responsive and pluralistic government in Sri Lanka

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.