Sri Lanka's outstanding foreign debt by the end of April 2017 was US$ 25.61 billion, the mid-year Fiscal Report concluded.
This years figure is 23.1 billion dollars higher than the same time last year, LBO reported.
The country is currently looking to receive its third tranche of its loan from the International Monetary Fund.
Last month a report from the World Bank warned that "slower than expected" progress on reforms was putting economic growth and stability at risk.
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
