Inflation ( CCPI)50.6% (Feb 2023)
GDP-12.4% (4Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate25.99%
12M T-Bill Rate24.31%
5Y T-Bond Rate27.00%/ 27.25%
10Y T-Bond Rate22.00% / 23.00%
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

Sri Lanka’s debt through T-Bills and Bond exceeded Rs. 13 Trillion

EconomicsJan 29, 2023
Sri Lanka’s debt through T-Bills and Bond exceeded Rs. 13 Trillion
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Sri Lanka issues T-Bill and Bond to finance its fiscal deficit. It accounted for over 90% of the debts issued under the domestic currency, while out of total public debt it accounted for around 40%. 60% of the total T-Bills held by CBSL due to money printing.

During the comprehensive debt restructuring process ( i.e restructuring external debt as well as domestic debt), countries that have a debt to GDP over 100%, are forced to do a domestic debt restructuring to achieve debt sustainability.


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