President Anura Kumara Dissanayake says the Government has the liquidity and financial capacity to meet its foreign debt servicing obligations over the next two years.
Delivering the 2027 Budget speech in Parliament, the President said the Government would have to service a lower amount of foreign debt over the next two years compared to the amounts paid in 2025 and 2026.
He revealed that the Government had serviced USD 3,707 million in foreign debt in 2025 and was required to pay USD 3,591 million in 2026.
According to the President, the Government's foreign debt servicing requirement would amount to USD 2,986 million in 2027, while USD 3,674 million would be required in 2028.
President Dissanayake said that, despite claims made by certain parties questioning the Government's ability to meet its obligations, the Government possessed the necessary liquidity and financial capacity to service foreign debt during the next two years.
He expressed confidence in the Government's ability to meet its external debt obligations while continuing its economic recovery efforts.
President Dissanayake commenced delivering the 2027 Budget speech in Parliament at 1.40 p.m. today.
The 2027 Budget marks the third Budget presented by the National People's Power (NPP)-led Government. The Cabinet of Ministers approved the Budget proposals earlier today.
