Government of Sri Lanka’s (GoSL’s) face value money printing (FVMP) debt increased by 1.39 per cent (Rs 22,870 million) to a new record high of Rs 1,668,935.61 million (Rs 1.6689 trillion) yesterday due to a lack of revenue. GoSL’s FVMP debt has been over Rs 1 trillion for a record 50 consecutive market days to yesterday.
Meanwhile, of this Rs 22,870 million increase in GoSL’s FVMP debt, yesterday, Rs 2,608 million was demand-pull inflationary causing. In related developments, GoSL’s highest to the twenty third highest FVMP debt, has been registered in the 23 consecutive market days to yesterday though not necessarily in a particular order.
The highest, Rs 1.6689 trillion was registered yesterday, the second highest Rs 1.6545 trillion was recorded on Tuesday 28 September, the third highest Rs 1.6461 trillion on Wednesday 29 September, fourth highest Rs 1.6328 trillion on Monday 27 September, fifth highest Rs 1.6106 trillion on Thursday 23 September, sixth highest Rs 1.6074 trillion on Wednesday 22 September, seventh highest Rs 1.6071 trillion on Friday 17 September, eighth highest Rs 1.6028 trillion on Tuesday 21 September, ninth highest Rs 1.6023 trillion on Friday 24 September, tenth highest 1.5776 trillion on 16 September, eleventh highest Rs 1.5560 trillion on 14 September, twelfth highest Rs 1.5498 trillion on 15 September, thirteenth highest Rs 1.5429 trillion on 13 September, fourteenth highest Rs 1.5409 trillion on 10 September, fifteenth highest Rs 1.5324 trillion on 8 September, sixteenth highest Rs 1.5307 trillion on 7 September, seventeenth highest Rs 1.5306 trillion on 9 September, eighteenth highest Rs 1.5285 trillion on 3 September, nineteenth highest Rs 1.5279 trillion on 6 September, twentieth highest Rs 1.5118 trillion on 2 September, twenty first highest Rs 1.4991 trillion on 1 September, twenty second highest Rs 1.3658 trillion on 31 August and twenty third highest Rs 1.3177 trillion on 30 August, respectively. GoSL’s FVMP debt is equivalent to the FV of Central Bank of Sri Lanka’s (CBSL’s) Treasury (T) Bill and T Bond holdings. The only mandated authorised body to print money is CBSL.