The Hon. (Dr.) Anil Jayantha - Minister of Labour and Deputy Minister of Finance and Planning

Jathika Jana balawegaya· Gampaha· 27 November 2025 ·Oral question: Oral Question: Total Foreign and Domestic Debt with Supplementaries (Q.315/2024 (2))

Public Finance

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On behalf of the Minister of Finance and Planning, the Minister provided detailed figures on Sri Lanka’s central government debt, stating that total debt as at 31 December 2024 was Rs. 29.6 trillion, or US$101.3 billion, comprising US$64.5 billion domestic debt and US$36.7 billion foreign debt. He tabled year-end debt figures for 2021–2024 and broke down foreign debt into bilateral, multilateral, international sovereign bond, and commercial loan components, noting that multilateral debt stood at US$12.9 billion and bilateral debt at US$10.8 billion in 2024. He also provided data on multilateral disbursements from institutions including the World Bank, IMF, and Asian Development Bank, and stated that the remaining part of the question did not arise.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Hon. Speaker, on behalf of the Minister of Finance and Planning, I provide the following answer.

¶ 02 (a) (i) Total central government debt of Sri Lanka as at 31.12.2024 is as follows: - Sri Lanka Rupees (trillion): 29.6 - United States Dollars (billion): 101.2

¶ 03 Of this, domestic debt is USD 64.5 billion and foreign debt is USD 36.7 billion.

¶ 04 (ii) Central government debt at each year-end:

¶ 05 - LKR trillion: 17.6 (2021), 27.5 (2022), 28.7 (2023), 29.6 (2024) - USD billion: 87.9 (2021), 75.7 (2022), 88.6 (2023), 101.3 (2024)

¶ 06 (iii) Split as at 31.12.2024:

¶ 07 - Domestic debt: LKR 18.9 trillion; USD 64.5 billion - Foreign debt: LKR 10.7 trillion; USD 36.7 billion - Total: LKR 29.6 trillion; USD 101.3 billion

¶ 08 (iv) Composition of foreign debt as at 31.12.2024:

¶ 09 - Bilateral: LKR 3.1 trillion; USD 10.8 billion - Multilateral: LKR 3.8 trillion; USD 12.9 billion - International sovereign bonds: LKR 3.1 trillion; USD 10.6 billion - Commercial loans: LKR 0.7 trillion; USD 2.4 billion - Total: LKR 10.7 trillion; USD 36.7 billion

¶ 10 (v) Foreign debt 2020–2024 (values by year): - LKR trillion / USD billion: [figures as tabled]

¶ 11 (vi) Total multilateral debt as at 31.12.2024: - LKR 3.8 trillion; USD 12.9 billion

¶ 12 Note: Year-end exchange rate used for conversion is LKR 292.5833 per USD.

¶ 13 (vii) Multilateral disbursements received (USD million) by institution:

¶ 14 - World Bank: 330.1 (2020), 536.5 (2021), 424.9 (2022), 737.8 (2023), 556.5 (2024) - International Monetary Fund: — (2020), 682.3 (2023), 346.8 (2024) - Asian Development Bank: 612.3 (2020), 610.6 (2021), 641.8 (2022), 827.1 (2023), 871.0 (2024) - Japan Bank for International Cooperation: — - Allied Irish Bank: —

¶ 15 (viii) Total bilateral debt as at 31.12.2024: - LKR 3.1 trillion; USD 10.8 billion

¶ 16 (ix) Total bilateral debt by year 2020–2024: - LKR trillion: 2.3 (2020), 2.2 (2021), 4.1 (2022), 3.5 (2023), 3.2 (2024) - USD billion: 12.3 (2020), 11.2 (2021), 11.3 (2022), 10.8 (2023), 10.8 (2024)

¶ 17 (b) Does not arise.

Provenance

Source: Hansard, Thursday, 27 November 2025 ·No. 23013 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Anil Jayantha - Minister of Labour and Deputy Minister of Finance and Planning. 10th Parliament, Parliament of Sri Lanka. Hansard, 27 November 2025. No. 23013. Politick, https://staging.politick.io/lk/speeches/5262