Sri Lanka continued to repay significant portions of its debt in 2023 and 2022, despite defaulting on external debt, by using domestic savings and reducing imports.

Sri Lanka's public sector wage bill is set to increase to 3.8 percent of GDP in 2025 due to proposed salary increments while maintaining a primary surplus of 2.3 percent under the IMF program.

The Sri Lankan government has reduced the cess levy on imported cement by Rs. 1 per kilogram, effective from September 6, under the authority of the Sri Lanka Export Development Act.

Sri Lanka's tourism earnings rose to US$ 282.1 million in August, with increased visitor arrivals and the implementation of a new visa-free travel policy for 38 countries to boost tourism further, aiming for US$ 3.5 bil...