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Sri Lanka's mounting interest cost: The largest expenditure in Budget 2025
In budget 2025, LKR 2,950 billion (8.9% of GDP) has been allocated for interest payments on public debt. Government revenue is estimated at LKR 4,990 billion in 2025, nearly 60% of which will be spent on servicing just the interest payments on debt. Comparison of Interest Cost with Key Tax Revenues in 2025 To put this in context, tax revenues from VAT, Excise Tax, Social Security Contribution Levy, Withholding Tax, and PAYE are expected to generate LKR 2,860 billion (62% of total tax revenue ). Even all of this covers only 97% of total interest expenditure.
Featured Insight
Sri Lanka's mounting interest cost: The largest expenditure in Budget 2025
In budget 2025, LKR 2,950 billion (8.9% of GDP) has been allocated for interest payments on public debt. Government revenue is estimated at LKR 4,990 billion in 2025, nearly 60% of which will be spent on servicing just the interest payments on debt. Comparison of Interest Cost with Key Tax Revenues in 2025 To put this in context, tax revenues from VAT, Excise Tax, Social Security Contribution Levy, Withholding Tax, and PAYE are expected to generate LKR 2,860 billion (62% of total tax revenue ). Even all of this covers only 97% of total interest expenditure.
Featured Insight
Sri Lanka's mounting interest cost: The largest expenditure in Budget 2025
In budget 2025, LKR 2,950 billion (8.9% of GDP) has been allocated for interest payments on public debt. Government revenue is estimated at LKR 4,990 billion in 2025, nearly 60% of which will be spent on servicing just the interest payments on debt. Comparison of Interest Cost with Key Tax Revenues in 2025 To put this in context, tax revenues from VAT, Excise Tax, Social Security Contribution Levy, Withholding Tax, and PAYE are expected to generate LKR 2,860 billion (62% of total tax revenue ). Even all of this covers only 97% of total interest expenditure.
Featured Insight
Sri Lanka's mounting interest cost: The largest expenditure in Budget 2025
In budget 2025, LKR 2,950 billion (8.9% of GDP) has been allocated for interest payments on public debt. Government revenue is estimated at LKR 4,990 billion in 2025, nearly 60% of which will be spent on servicing just the interest payments on debt. Comparison of Interest Cost with Key Tax Revenues in 2025 To put this in context, tax revenues from VAT, Excise Tax, Social Security Contribution Levy, Withholding Tax, and PAYE are expected to generate LKR 2,860 billion (62% of total tax revenue ). Even all of this covers only 97% of total interest expenditure.
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Quarterly Debt Bulletin - Q4 2024
Quarterly Debt Bulletin - Q4 2024
The Quarterly Debt Bulletin depicts the public debt situation in Sri Lanka on a quarterly basis, highlighting its composition, trends, and key developments.
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