SL Government debt surpasses Rs.14,000 billion

The total outstanding central government debt has increased to Rs.14,052 billion at the end of the first six months of 2020, the latest weekly report by the Central Bank of Sri Lanka (CBSL) outlines.

According to the report, the total outstanding central government debt stood at Rs. 13,031.5 billion by the end of 2019 and this has increased to Rs. 14,052.2 billion by the end of June 2020.

Accordingly, the total outstanding central government debt has increased by Rs. 1,020.7 billion (one trillion) by end of June 2020.

For the first time in history, the total outstanding central government debt surpassed the Rs.14,000 billion mark in April 2020, as it went from  Rs 13,031.5 billion to Rs 14,024.7 billion.

It decreased by Rs.128.8 billion to Rs. 13,895.9 billion in May 2020. However, again, this has increased to Rs.14,052 billion by end of June 2020.

Meanwhile, the total domestic debt of the government has increased from Rs. 6,629.1 billion to Rs 7,530.8 billion while total foreign debt from Rs 6,402.4 to 6,521.4 billion, within the first 06 months of 2020.