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	Table 102(P.Finance, Liabilty, Debt)
	Government Debt Market (1989-1999)
	pf102e
Year                                 Item		1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999
Treasury Bills ( Primary Market )
Amount Issued / Sold  (Rs Million)		117,312	119,837	131,568	194,808	158,856	168,369	224,013	226,880	210,947	230,683	214,290
Purchased by    Central Bank		77,502	60,987	68,440	109,192	48,201	20,104	19,917	24,401	25,298	25,999	39,725
Commercial Banks		13,857	25,500	21,962	33,911	64,735	101,949	136,963	129,838	123,313	138,140	124,490
Others		25,952	33,350	41,166	51,705	45,920	46,316	67,133	72,641	62,276	66,544	50,075
Weighted Average Price, Rs - Year End                         ( Per Rs 100 Worth Treasury Bill )
3 Months		95.67	95.83	96.01	95.77	95.67	95.53	95.41	95.82	97.57	97.09	97.14
6 Months		91.66	91.73	92.43	91.72	91.55	91.20	91.36	92.00	95.20	94.19	94.21
12 Months		83.96	84.49	85.16	84.06	83.77	83.73	84.05	85.19	90.74	88.82	88.68
Weighted Average Yield, % -Year End
3 Months		18.10	17.41	16.33	17.67	18.09	18.73	19.26	17.45	9.97	12.01	11.79
6 Months		18.20	18.02	16.38	18.05	18.47	19.29	18.91	17.40	10.09	12.34	12.29
12 Months		19.10	18.36	17.43	18.99	19.38	19.43	18.97	17.38	10.21	12.59	12.77
Weighted Average Yield, % - Average
3 Months		-	-	-	17.84	19.18	14.32	16.31	16.04	11.03	11.77	11.69
6 Months		-	-	-	18.02	19.09	14.75	17.43	16.46	11.95	12.13	12.03
12 Months		-	-	-	18.83	20.53	15.90	17.63	17.17	12.29	12.20	12.55
Overall Average		-	-	-	18.34	20.15	14.89	16.84	16.46	11.60	11.98	12.06
Central Bank Secondary Treasury Bill Market
Sales (Discounts ), Rs Million		71,155	67,709	80,387	119,366	94,763	21,187	17,044	16,112	18,820	11,391	6,826
Purchases (Re -discounts ), Rs Million		23,249	21,097	36,687	49,612	46,851	18,865	35,328	16,821	17,220	14,862	1,426
Outstanding Bills by Ownership, Rs Million		57,245	67,968	72,968	87,096	97,196	98,896	113,771	124,996	114,996	119,996	124,996
Central Bank		34,098	30,654	35,032	25,998	5,978	8,979	14,984	17,114	6,692	9,508	27,322
Commercial Banks		6,282	10,604	9,240	22,760	49,566	53,858	59,742	24,424	30,857	14,850	12,833
Employees' Provident  Fund		-	-	1,000	1,100	1,250	2,159	1,424	3,005	3,949	2,978	3,285
Other Provident Funds		6,611	9,684	8,838	10,271	6,668	7,445	7,052	544	84	209	414
Savings Institutions		2,301	7,776	7,287	16,645	25,498	15,901	14,766	8,395	6,435	6,600	8,537
Insurance & Finance Companies		3,821	3,848	5,630	6,467	5,863	5,911	8,389	16,959	16,029	11,470	13,509
Department & Other Official Funds		3,603	4,448	5,209	2,398	442	547	654	15,321	14,114	10,054	8,343
Other		529	655	732	1,457	1,931	4,096	6,759	39,234	36,836	64,327	50,753
Treasury Bonds
Amount Subscribed Rs Million		-	-	-	-	-	-	-	-	10,000	38,915	63,452
Yield to Maturity, %
2 Year Bonds		-	-	-	-	-	-	-	-	11.56	12.99	12.88
3 Year Bonds		-	-	-	-	-	-	-	-	11.1	13.09	13.02
4 Year Bonds		-	-	-	-	-	-	-	-	11.39	13.83	13.21
Rupee Securities
Amount Subscribed Rs Million		8,672	8,314	26,004	20,920	28,205	46,878	46,715	70,589	48,500	52,300	22,986
Rate of Interest, %		11-13	13	14-18	15-17	16-18.5	14-16	14	13-15	11.2-14.5	11-12.25	12-12.5
Outstanding Securities by Ownership, Rs Mn.		54,217	54,676	66,824	69,181	105,708	137,554	157,928	205,975	239,475	250,570	262,056
Commercial Banks		566	564	414	413	24,089	24,840	24,928	44,321	44,321	44,321	44,068
Employees' Provident  Fund		31,648	34,597	42,607	51,208	64,395	77,586	93,576	110,231	127,818	142,821	150,661
Other Provident Funds		1,887	1,920	2,785	2,472	3,455	3,647	3,846	6,283	9,455	5,531	5,813
Savings Institutions		16,659	15,082	18,040	12,905	13,254	30,756	34,905	44,303	54,950	50,288	50,362
Other		3,457	2,513	2,978	2,183	515	725	673	837	2,931	7,609	11,152
© ２００７， KRI (Kusaka Research Institute)
Source:
Economic & Social Statistics of Sri Lanka 2000, Central Bank of Sri Lanka
Revised:  2007(y)/07(m)/10(d)
Chief Editor:
Dr. Milton Rajaratne (B.Com., M.Sc., Ph.D.)
Head, Department of Management Studies
University of Peradeniya.