Public Debt Management Act 2024

This Act may be cited as the Public Debt

The provisions of this Act other than this section, shall come into operation on such date as the Minister may by Order published in the Gazette appoint (in this Act referred to as the “appointed date”).

The provisions of this section shall come into operation on the date on which the Bill becomes an Act of

The appointed date shall be a date not later than a period of six months from the date on which the provisions of this section come into operation.

This Act shall apply to the following entities: -

Ministries, Departments, District Secretariats of the Government, and Special Spending Units;

statutory funds and trusts to which public finance is allocated with the approval of the

State-owned enterprises;

Provincial Councils, Ministries, Departments, other institutions coming under the Provincial

any other entity.

Public debt management is the process of establishing and executing a medium term to long term strategy for managing public debt with the following objectives:–

to meet financing needs and debt payment obligations on a timely basis;

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

to promote the development of the domestic debt securities market.