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Anomalies in Sri Lanka’s national debt

Serious anomalies in the exact debt position of the country have come to light with the release of the Central Bank Annual report and the Ministry of Finance Annual Report.

The Central Bank Annual Report 2017 clearly indicates that the Debt to GDP ratio stands at 77%, however, the Ministry of Finance Annual Report carries a statement from the Auditor General that states the actual debt position is not as stated.

According to the Auditor General, the total debt is 10,702 Billion and not Rs 10,313 billion as stated by the Ministry of Finance. He also stated that the debt to GDP ratio is 81%, The difference in rupee terms is Rs 389 Billion or about USD 2.5 Billion.

Author: TELO Admin