ECONOMYNEXT – Sri Lanka’s Cabinet of Ministers has approved a proposal by President Anura Kumara Dissanayake to table the gazetted Public Debt Management Regulations to the parliament for approval. Sri Lanka’s Public Debt Management Office (PDMO) was established in January 2024 under the Ministry of Finance and formally operationalised through the Public Debt Management Act. The PDMO’s will cover the roles previously scattered across the Central Bank, External Resources Department, and Treasury with an aim of eliminating policy conflicts, enhance transparency, and align borrowing with the medium-term debt strategy targets including cut in central government debt-to-GDP to below 95 percent…
Sri Lanka Cabinet approves submission of Public Debt Management Regulations to Parliament
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