Public Debt on Decline: Falls Under 80% of GDP

In its latest update on public debt, the Ministry of Finance revealed a significant decrease in public debt relative to the Gross Domestic Product (GDP).

The total public debt stood at Rs 496.05 billion by the end of June 2023, accounting for 79.7% of the country’s GDP.

Moreover, the data highlighted the State Trading Corporation (STC) as the most indebted public entity, with domestic debts amounting to Rs 9.34 billion.

Source: Defi Media