News Column

Central Bank of Srilanka-Public Debt in Sri Lanka - Mid Year Statistics Indicate

August 8, 2014



ENP Newswire - 08 August 2014

Release date- 07082014 - Public Debt in Sri Lanka - Mid Year Statistics Indicate.

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. In that context, the following mid-year statistics pertaining to the public debt profile of the country are released.

Public Debt Department

7.08.2014 2

Key Indicators relating to Public Debt of Sri Lanka

2005 to Mid-2014

Indicator

End

2005

End

2009

End

2013

End

June

2014 (a)

Public Debt/ GDP (%)

Domestic Debt (%)

Foreign Debt (%)

90.6

51.6

39.0

86.2

49.8

36.4

78.3

44.2

34.1

74.3 (b)

41.4

32.9

Average Time to Maturity (ATM) of

Public Debt (Years)

ATM of Domestic Debt

ATM of Foreign Debt

1.9

n. a

2.3

9.3

4.8

9.8

6.0

10.4

Short Term Domestic Public Debt /

Domestic Public Debt (%)

20.7

23.0

23.7

22.4

Time to Maturity of the Longest dated

Treasury Bond (years)

8

10

30

30

Primary Market T-bill Yield Rates (%)

91 - Day

182 - Day

364 - Day

10.10

10.37

10.39

7.67

8.65

9.32

7.54

7.85

8.29

6.51

6.69

6.99

Primary Market T-bond Yield Rates (%)

05 - Year

10 - Year

30 - Year

10.99

-

-

10.32

10.09

-

10.64

11.80

12.50

8.93

10.00

11.75

(a). Provisional

(b). Annual projection.

. Public debt held by residents with an original maturity of less than one year.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters