The Government of Sri Lanka has approved plans to enhance its public debt management capabilities following the enactment of the Public Debt Management Act No. 33 of 2024. 

A Public Debt Management Office (PDMO) will be established to ensure accurate public debt data recording. 

Due to the suspension of updates for the current Commonwealth Secretariat Debt Recording and Management System, the Government has recommended adopting the Commonwealth Meridian software as a replacement. 

This decision was approved by the Cabinet of Ministers on Monday (14) and aims to improve transparency and efficiency in public debt management.