The Government of Sri Lanka was in debt of USD 97 billion by December 31, 2021.
This was revealed by a special audit report by France-based Lazard, a Financial Services Firm appointed by the Central Bank to support the country on debt restructuring.
Sri Lanka had foreign debt of USD 47 billion, in addition to local debt of USD 50 billion, by December 31, 2021.
The amounts stated would be higher now as the LKR was at 203 against the USD when the audit took place on December 31, 2021.
The current exchange rate is LKR 355 for 1 USD.
Courtesy: Deshaya (දේශය)
