Sri Lanka's Public Debt Sustainability and Restructuring Update
Sri Lanka's Public Debt is multifaceted...
As at End-June 2022, Public Debt¹ stood at 122% of GDP, of which 70% of GDP is denominated in foreign currency, from a public debt
level of 115% of GDP as at end-December 2021, out of which 54% of GDP were denominated in foreign currency
In USDbn equiv.
Central Government Debt
Multilateral
Bilateral
Private³
Bonded
Non-bonded
CBSL advances
Guaranteed SOEs Debt
Multilateral
Bilateral
Commercial (incl. SOE debt) 5
Central Bank of Sri Lanka Debt
Multilateral
Bilateral4
TOTAL
Foreign Currency
Total
38.0
Local Currency
Total
32.4
Total
USDbn
% of GDP²
70.3
106.2%
9.6
9.6
14.5%
9.6
9.6
14.5%
18.8
31.8
50.5
76.3%
14.5
30.9
45.4
68.6%
4.2
0.9
5.1
7.7%
0.6
0.6
0.9%
5.5
1.7
7.2
10.8%
0.5
0.5
0.7%
0.3
0.3
0.5%
4.6
1.7
6.3
9.6%
3.2
3.2
4.9%
1.1
1.1
1.7%
2.1
2.1
3.2%
46.7
34.1
80.7
121.9%
Sources: Ministry of Finance, Economic Stabilization and National Policies, Central Bank of Sri Lanka
Notes: (1) The debt stock showcased reflects the DSA coverage currently contemplated by the Authorities, (2) Assuming a 2022 nominal GDP of LKR 23.84trn, (3) Includes ECA-
backed facilities, (4) Bilateral swap lines with the People's Bank of China, Reserve Bank of India and the Bank of Bangladesh, (5) SOES' FX payables benefiting from a state
guarantee are assumed to be constant between end 2021 and end June 2022
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