CoPF calls for stronger public debt management and staff trainingPosted by Onlanka News Desk on July 30, 2026 - 3:21 pmThe Committee on Public Finance (CoPF) has reviewed the first Annual Report for 2025 of the Public Debt Management Office (PDMO), focusing on rising public debt, debt servicing challenges, and the need to strengthen public debt management through better coordination, staff training, and greater transparency. The Committee paid particular attention to the impact of the increase in Sri Lanka’s public debt stock during 2025, changes in interest rates, and the depreciation of the Sri Lankan Rupee on public debt servicing. Officials explained that the Public Debt Management Office was established under the Public Debt Management Act, No. 33 of 2024, to bring public debt management under a single institution. Its main responsibilities include managing public debt, ensuring debt sustainability, preparing the Medium-Term Debt Management Strategy, and submitting the Annual Public Debt Management Report to Parliament.