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President says Sri Lanka can meet coming foreign-debt payments

2026-11-12

Illustrative banknotes, not Sri Lankan reserves, a debt payment or a Treasury record.

Illustrative banknotes, not Sri Lankan reserves, a debt payment or a Treasury record.

Sri Lanka's President told Parliament that the government has the liquidity and financial capacity to meet its foreign-debt commitments over the next two years. Published reporting report that he gave the assurance while presenting the 2027 Budget. It is the government's assessment of its repayment capacity, not independent proof that all future payments have already been made or fully funded in a separate account.

The reported figures put foreign-debt servicing at US$3,707 million in 2025, with US$3,591 million due in 2026 and US$2,986 million in 2027. The President said the government could meet its commitments while continuing the economic recovery programme. The amounts concern debt-service obligations, not the country's total outstanding foreign-debt stock.

There is a reporting discrepancy for 2028: published reporting give US$3,674 million, while the published report's live Budget summary gives US$3,574 million. This report has not resolved that difference against the final official Budget document. Neither value is presented here as an independently verified final figure.

The President's assurance responds to concerns about Sri Lanka's ability to service external debt. Repayment capacity, foreign-exchange reserves and annual debt service are related but different measures. The speech does not remove the need to examine the final fiscal tables, financing arrangements and actual payments as they fall due.

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