October 19, Colombo (LNW): Sri Lanka’s public debt has reportedly surged by one trillion rupees in the first half of 2025.
Notwithstanding the massive increase in taxes and the implementation of the cost-reflective prices of utilities since the beginning of the IMF programme, Government indebtedness and its debt stock has been rising at a dangerous pace.
At the end of December 2024, the total debt stock of the Government was Rs.28.7 trillion. By June 2025 (in six months), it had jumped to Rs.29.7 trillion: an increase of Rs.1 trillion or Rs.1000 billion in just six months at an unbelievable rate of about Rs.5.6 billion per day!
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