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Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
Featured Insight
Sri Lanka Has The Highest Inflation Amongst South Asia Peers
Sri Lanka, amidst facing one of its worst economic crisis, is currently experiencing rapidly rising inflation. The inflation increased to 15.1% year-on-year in February 2022, a 13-year high. When compared against other countries in the South Asian region, Sri Lanka recorded the highest inflation rate in the month of February 2022. Whilst inflation has been broad based, food prices increased faster than other sectors. The food inflation was 25.7% in February 2022. According to the Census and Statistics Department of Sri Lanka, both the food inflation and the overall inflation has worsened in the month of March 2022, reaching 30.2% and 18.7% respectively.
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Budget 2022
Budget 2022
Detailed analysis of the 2022 budget.
Amendments to the Appropriation Bill Increases Government Expenditure for 2022
The Amendment to the Appropriation Bill for 2022 was presented to Parliament ahead of the interim budget speech. The amended bill shows a 20% increase in expenditure to...
From The PF Wire
Source:
Daily News
Budget to transform market economy into a producti...
Budget 2022 includes the use of Sri Lanka’s geographical advantages to strengthen the economy as well as measures to mitigate the foreign exchange issue it faces. The budget also includes a number of proposals to revive the economy by successfully coping with th...
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Source:
Economy Next
Sri Lanka aims to cut deficit, have non-traditiona...
Sri Lanka aims to make a ‘significant reduction’ in the country’s runaway fiscal deficit in 2022 and have a ‘non-traditional budget’ senior officials said as the country is also facing severe monetary instability due to artificially low i...
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Source:
Daily FT
Public Finance Committee clears 2022 Appropriation...
The Appropriation Bill for 2022 has been approved by the Committee on Public Finance. According to the Bill, which was tabled in Parliament, the total expenditure for 2022 is estima...
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Insight on Budget 2022
State of The Budget Report 2022: Assessm...
This is the second report in a series of two reports on Sri Lanka&rs...
How has the Amended (Interim) Budget Cha...
The Amended (Interim) Budget, which was presented to Parliament on A...
Amendments to the Appropriation Bill Inc...
The Amendment to the Appropriation Bill f...
Supplementary Estimate 2022 : What it En...
Sources of Financing for Top 5 Ministrie...
Based on the 20...
Inconsistency in Budget Numbers Across D...
In November 2021, the Government rel...
Over Estimation Of Social Security Contr...
Budget 2022 proposed a Social Security Co...
Total Revenue Estimates : Govt and Verit...
The government has consistently overestim...
Underestimation of Sri Lanka’s Central G...
Since 2020, t...
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Featured
Is the Pandemic the Sole Cause for the Depletion i...
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with
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IMF Article IV Report – Key Issues and Recommendat...
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on Febru...
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Amendments to the Appropriation Bill Increases Gov...
The Amendment to the Appropriation Bill for 2022 was presented to Parliament ahead of the interim budget speech. The amended bill shows a 20% increase in expenditure to...
Read More
