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Debt: 89% Of GDP

Nov 20, 2010 2:25:50 PM - thesundayleader.lk

Total Government debt as at end August increased by Rs. 1.9 billion to to Rs. 4,465.9 billion month on month (MoM).
If, 1% of GDP is taken to be equivalent to Rs. 50 billion, Government debt as a percentage of GDP is equivalent to 89.3%.
This comprised a domestic debt component of Rs. 2,616.8 billion (52.3% of GDP) and a foreign debt component of Rs. 1,849.2 billion (37%).
Domestic debt, MoM, increased by Rs. 38.2 billion in August, while foreign debt, MoM increased by Rs. 36.2 billion.
Meanwhile total debt year on year (YoY) increased by Rs. 428.3 billion (10.6% or 8.6% of GDP). This comprised an increase in the foreign debt component by Rs. 209.5 billion (12.8% or 4.2% of GDP) and a Rs. 218.8 billion (9.1% or 4.4% of GDP) increase in the domestic debt component in the review period. (Source: Central Bank)