According to the ministry’s quarterly debt report 2024,Sri Lanka’s government debt has increased by US$ 4 billion to $100 billion as at end March 2024 from end 2023.

Of this total external debt, 57 per cent is domestic debt, 37 per cent external debt and 15 per cent commercial loans.

The present economic constraints needs to be viewed not in terms of present debt volume but in the larger trend and macroeconomic connection between rising government debt and other macro aggregates, a senior official of the ministry explained.