SRI LANKA NEWS-(MAY 2021)-Compiled by Victor Melder Sri Lanka’s outstanding public debt increased substantially to 109.7% of GDP by end-2020 from 94.3% of GDP at end-2019, the Central Bank said in its Annual Report. This increase was mainly due to the rise in Central Government debt coupled with the contraction in the nominal GDP in 2020. Public debt, as defined by the Central Bank, includes Central Government debt, foreign project loans received by State-Owned Business Enterprises (SOBEs), and public guaranteed debt. In absolute terms, the outstanding public debt increased to Rs. 16,427.1 billion at end-2020 from Rs. 14,155.3 billion at end-2019. The outstanding Central Government debt, which is the largest component of public debt, increased to Rs. 15,117.2 billion at end-2020 from Rs. 13,031.5 billion at end-2019, accounting for 92% of the total public debt. Public guaranteed debt increased by 26.7% to Rs. 986.4 billion at end-2020 from Rs. 778.3 billion ...