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Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
Featured Insight
Is Maldives going down Sri Lanka's path?: Concern on Budget Deficits
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the largest deficit of 6 percent. Maldives follows a consecutive negative trend in their Primary Balance with the largest deficit of 21 percent in 2020. These numbers signal a similar path to Sri Lanka for Maldives in terms of their Primary Balances. When looking at Budget Balances, Sri Lanka and Maldives appear to be following a similar trend. Both countries exhibit a similar trend of having large deficits. For both Maldives and Sri Lanka the largest deficits are seen in 2020, 23% for Maldives and 13% for Sri Lanka. Running persistent deficits would add a significant debt burden to the economy as they need to be financed by borrowing making it vulnerable to an economic crisis.
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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...
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The IMF staff-level agreement with Sri Lanka on a USD 2.9 billion programme, confirmed on 1 September, appears to signal a sharp change in policy settings in order to achieve macroeconomic stability, including through large fiscal adjustment...
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Sri Lanka and IMF reach deal for US$2.9bn program
The International Monetary Fund said it had reached a deal with Sri Lanka for a 4-year 2.9 billion US dollar extended fund facility subject to debt restructuring and prior actions. Under the program the budget will have to generate a primary...
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Economy Next
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