Annual Report 2008 - Ministry of Finance and Planning

5. Foreign Financing of the Budget
226
As shown in the Chart 5.5 below, 51 percent of the debt
stock will mature during the 10 year period commencing
from 2009 and 34 percent will mature during the next 10
year period commencing from 2018. The balance 15 percent
will mature after 20 years.
Chart 5.5
External Debt Service Payments
The total external debt service payment during 2008 was
US$ 812 million. Of which principal payments accounted
for US$ 582 million and the interest payment accounted for
US$ 230 million. The higher level of debt service payment is
expected in 2012 due to the scheduled retirement of US$ 500
million international bonds issued in 2007. Table 5.9 gives
a summary of the debt service payment from 2008 to 2013
while Table 5.10 gives breakdown of the debt service from
2007 – 2013 by major donors.
Table 5.9
Debt Service Payments 2008-2013
(in US$ million)
Item Actual Forecast
2008 2009 2010 2011 2012 2013
Total Outstanding Debt 12,318.6 11,673.0 11,120.4 10,366.9 9,233.3 8,582.4
Principal repayments 581.5 645.6 552.6 753.5 1,133.6 650.9
Interest payments 230.2 250.4 234.7 222.3 208.9 154.4
Total debt service payments 811.7 896.0 787.3 975.8 1,342.5 805.3
Source: Department of External Resources
Ministry of Finance and Planning Sri Lanka
Annual Report 2008