Public Debt Management Office

Background

The Public Debt Management Office (PDMO) was established and commenced operations on 02 December 2024, following the enactment of the Public Debt Management Act, No. 33 of 2024 (PDMA), which was passed on 18 June 2024 and became effective on 25 November 2024.

The PDMA provides the legal framework for the establishment of an operationally independent PDMO. This strengthens and centralizes the management of government debt, enhances accountability and debt transparency through the dissemination of public debt–related information, and ensures the implementation of efficient and transparent borrowing practices that are essential for debt sustainability and the long-term fiscal stability of Sri Lanka.

 

Vision

"To be a role model for public debt management in the global arena, recognized for trustworthiness, efficiency, and transparency.”

 

Mission

“To strategically execute and oversee the Government's borrowing requirements, minimizing financing costs, and ensuring a prudent degree of risk in alignment with economic and fiscal objectives of Sri Lanka.”

 

Objectives

•  To meet financing needs and debt payment obligations on a timely basis.

•  To borrow at the lowest costs as possible over the medium to long term, consistent with a prudent degree of risk.

•  To promote the development of the domestic debt securities market