COLOMBO, July 7 (Xinhua) -- Sri Lanka's government debt stock had been reduced by over 800 billion rupees (2.6 billion U.S. dollars) from December 2023 to April 2024, said a state minister on Sunday.
In a social media post, State Minister of Finance Shehan Semasinghe said the foreign debt stock experienced a significant reduction of 9.2 percent.
He said the total domestic debt stock saw a slight increase of 1.8 percent.
This increase in domestic debt is a result of efforts to manage the budget without central bank financing, while the strengthening of the exchange rate has contributed to the reduction in foreign debt stock, he said. ■
