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IMF calls on government to increase social spending
The IMF urged Sri Lanka to enhance social spending and ensure inclusive economic growth while maintaining fiscal discipline and meeting reform targets under its Extended Fund Facility. ...
2024-11-25
Daily News
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Budget deficit narrows to single digits on higher taxes, recovery in economy
In 2023, Sri Lanka cut its budget deficit to 8.3% of GDP from 10.2% in 2022, despite unpopular tax hikes, in exchange for a $2.9 billion IMF bailout over four years.
2024-05-06
Daily Mirror
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Proposed GDP-linked bonds could attract investors
Sri Lanka is restructuring its defaulted $13 billion debt through macro-linked bonds, as reported by the Financial Times. These bonds would track the country's recovery and include GDP...
2024-05-06
The Morning
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Sri Lanka to benefit from USD 5 bn Asian Development Fund 14
Donors and the Asian Development Bank (ADB) have committed USD 5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8. ADF 14, spanning 20...
2024-05-06
Daily News
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Budget deficit: A stubborn stain on the balance sheet
Sri Lanka's persistent budget deficit has become a perennial issue, plaguing successive governments due to poor financial management practices. Verité Research's recent findings (Read more :
2024-05-05
The Morning
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