SL-IMF program targets positive 2.3% primary deficit

The Sri Lanka-IMF program targets a positive 2.3% primary deficit by 2025 as against 6% negative figure in 2021.

Central Bank Governor Dr. Nandalal Weerasinghe said on Tuesday that the target reflects a 6% improvement. Forecast of primary deficit for 2022 is a negative 4%.

Daily Ft

2022-09-22

සබැඳි පුවත් සහ විශ්ලේෂණ

Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

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Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

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SL exits ’Restricted Default’ rating

Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...

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