Government Debt To GDP in Sri Lanka averaged 91.47 Percent from 1990 until 2013, reaching an all time high of 103.20 Percent in 2001 and a record low of 78.30 Percent in 2013.

The release of Central Bank of Ceylon further states that 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 of Sri Lanka.

The primary focus of MTDS is to build a debt portfolio with an appropriate composition, focusing on the projected path of macroeconomic indicators and market environment in order to ensure financing as per the gross borrowings limit set by the Appropriation Act. At the same time, the Public Debt Department attempts to secure the debt of the Government at the least possible cost, while also ensuring that the underlying risks of the public debt portfolio is prudently managed and in this context the mid-year statistics pertaining to the public debt
profile of the country are released., the Central Bank further states. (ST/KH)