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The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
Featured Insight
The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
Featured Insight
The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
Featured Insight
The Government Has to Repay Yearly an Average of USD 4.4 BN Foreign Debt from 2021 Onwards
The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025. The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.
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Expenditure
Insights and analysis of government expenditure.
The Cost of Inflation: Sustaining 2015 Consumption in 2023
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains relatively unchanged from the 2015 levels, the doubling of nominal GDP h...
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Economy Next
Sri Lanka state workers, military given Rs107bn in...
In April, Sri Lanka's Treasury released 107 billion rupees to state workers for their salaries, which includes an increment, as announced by State Minister for Finance Ranjith Siyambalapitiya. The usual monthly salary bill amounts to aro...
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EconomyNext
Sri Lanka money printing, deficits could lead to e...
Further money printing to finance deficits could lead to monetary instability while trade and private credit could eventually shrink, an International Monetary Fund assessment has warned, as the country reels from ta...
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Source:
Ceylon Today
No Vehicle Imports in 2022 – Basil
Minister of Finance Basil Rajapaksa said the importation of vehicles and new staff recruitments to the public sector will not be permitted in 2022. While noting that efforts should be made to stop the importation of milk powder, Rajapaksa ad...
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Insight on Expenditure
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In March, the Government of Sri Lanka ann...
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The government spends 22% of its total ex...
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When a government body runs out of money,...
Budget Promises 2018: Are Ministries Com...
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Budget Promises 2018: Most Responsive In...
Are our ministries open about the progres...
Budget Promises 2018: Most Closed Instit...
Are our ministries open about the progres...
Budget Promises 2018: Openness of Promis...
By making it easier for people to find ou...
Budget Promises 2018: Forgotten Promises
What are the forgotten promises from Budg...
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Featured
Will the Increase in Cigarette Taxes Meet Budgeted...
On the 1st of Jan 2023, the government increased excises taxes on cigarettes by 20% as follows: Size Old Excise Tax per Cigarette New Excise Tax per Cigarette...
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Sri Lanka Met 33 IMF Commitments and failed 8 by e...
Sri Lanka had verifiably met 33 of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of June 2023 but had failed eight, according to the ‘IMF Tracker', an online tool lau...
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Will the budget's veil of secrecy be lifted in 202...
The lack of transparency on the implementation progress of proposals in budget speeches has increased sharply in 2022 and 2023, according to a systematic evaluation conducted by Verité Research.
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