Sri Lanka’s Annual Average Sovereign Foreign Debt Repayments Amount to USD 4.4 bn from 2022 to 2027

Abstract

Sri Lanka's revenue has been insufficient to cover its recurrent expenditure since 1983. The gap between recurrent expenditure and capital expenditure in the country continues to grow, proving to be difficult to reduce, while revenue too has not kept pace with expenditure levels for decades. To close the growing revenue-to-recurrent-expenditure gap, serious revenue-boosting measures would be required.