The Sri Lankan government has decreased its foreign debt since the beginning of the year, while maintaining the foreign reserve at US$ 7.5 billion.
Sri Lanka has borrowed Rs43bn in the first 6 months of this year from foreign countries, which, according to the Ministry of Finance, is due to the efficient manner in which reforms introduced by the new government to public administration and financial management.
According to the treasury, the total outstanding government debt increased by 8.8% to Rs7,390bn by the end of 2014, from Rs6,793bn in 2013.
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