The infographic shows the actual annual foreign debt service payments of GOSL (Government of Sri Lanka) from 2010 to 2020 and the projected foreign debt service payments from 2021 to 2025.
The breakdown of foreign debt service between principal payments and interest payments is provided. During the period from 2010 to 2018, the annual foreign debt service payments averaged USD 2,267 million. However, GOSL witnessed a steep rise in foreign debt service payments to over USD 4,600 million in 2019, a 42% increase compared to USD 3,243 million in 2018. The Ministry of Finance projections show that GOSL on average has an annual foreign debt service payments of USD 4,432 million between 2021 and 2025. In this period, interest payment component on average will account for 25.3% of the annual foreign debt service and principal payments account for the balance 74.7%. In 2025, the foreign debt service payment is forecast to reach a peak of USD 5,075 million as ISB’s worth USD 2,150 million mature that year.