The Sri Lankan government has said it hopes to reduce public debt from 90 percent to 60 percent of the country’s Gross Domestic Product next year.

We hope to obtain bilateral development loans worth USD 400 million,” Prime Minister Mahinda Rajapaksa, who tabled the budget as finance minister, said.

He attributed the rise in the country’s debt to the lack of a proper mechanism to monitor projects in the country.

https://www.newsfirst.lk/2020/11/17/government-tables-2021-budget-eyes-reduction-of-public-debt/