New Debt Management Unit to be fully functional by end of 2025

Tuesday, 20 May 2025 03:35 - - {{hitsCtrl.values.hits}}

Central Bank Economic Research Department Director Dr. S. Jegajeevan said the Debt Management Unit (DMU) established under the provisions of the new Public Financial Management Act is expected to be fully functional by the end of 2025.

Speaking during the Q&A session following the recent public lecture on ‘State of the Economy as Reflected in the Annual Economic Review 2024,’ Dr. Jegajeevan confirmed that the initial stages of operation are already underway.

“At present, the functions are being transferred and the minimum staff has been recruited. They are receiving in-house training, supported by the Public Debt Management Division,” she said.

The establishment of the DMU is a key component of the Government’s broader fiscal reform strategy, aimed at enhancing transparency, accountability, and professionalism.

Once operational, the Unit will be tasked with overseeing strategic debt planning, risk management, and borrowing operations in alignment with long-term macroeconomic goals.

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