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…. the Fiscal Management Responsibility Act No. 3 of 2003…had three main goals…to maintain the budget gap below 5%..... reducing public debt as a percentage of GDP to 65% by 2013, that is, in 10 years…. reducing the amount that the government guarantees when borrowing to 4.5% of GDP…..today the budget gap is at levels such as 10%, 12%, and the amount of public debt has gone up to more than 125% of the GDP. The guarantee for public debt has gone up to 15%...

The majority of Sri Lanka’s domestic debt is in treasury bonds. We have [almost 9,000 billion] worth of treasury bonds….44.5% of that is in banks….43% was borrowed from EPF & ETF

Programme financing gaps: debt service reduction during 2023-27 should be sufficient to close external financing gaps. Under staff baseline scenario, US$17 billion in debt service reduction is required, including the arrears accumulated in 2022 So, we are trying to get a 17 billion debt reduction on that side. Do you want it or not.

Sri Lankan migrant workers’ foreign remittances increased to US$ 568.3 million in March 2023 from US$ 318.4 million in March 2022. This is a 78.5% (US$ 249.9 million) increase compared to the inflows recorded in March 2022.

The total base money printed in 2021 was Rs. 344 billion, whilst the net basis reserve money issued in 2022 was below Rs. 40 billion.

…The officials of the PUCSL were brought to the Presidential Secretariat and approval was obtained for the price hike while both the chairperson and the director general of this commission were away from the country…what the PUCSL has said is to increase a unit [of electricity] from Rs. 8 to Rs. 10 [for the lowest tariff band]. But today, it has been increased from Rs. 8 to Rs. 30.