The government has transferred USD 58.8 million to The Sovereign Development Fund (SDF) so far this year, according to the Ministry of Finance and Planning, registering an increase of 42.8 percent over the same period last year.
According to the Weekly Fiscal Development Report released by the Ministry, USD 58.8 million has been transferred to SDF between 1 January to 12 June this year.
The SDF is designed to help repay foreign loans and strengthen the country’s financial reserves.
It is funded through various sources, including airport development fees, dividends from state-owned enterprises, and sovereign guarantee fees.
The fund's purpose is to ensure fiscal responsibility, build investor confidence, and provide a financial cushion during economic downturns.
According to the Ministry, revenue from airport development fees stood at Rs USD 50.6 million as of 12 June which is an increase of 44.5 percent from the USD 35 million earned during the same period last year.
The government is building up the sovereign fund to repay the huge amounts of debt due in 2025 and 2026.