Sri Lanka fin min rules out default, says 1Q has US3bn debt repayments

Sri Lanka’s Finance Minister Basil Rajapaksa said all debt maturing this year will be paid and the the country is projecting 30 billion US dollars external flows to involving foreign debts and imports. Sri Lanka is facing one of its worst economic volume of money printed to maintain steeply negative real rates .

EconomyNext

2022-02-03

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Recap 2024 - 10 key insights by the Public Finance...

As 2024 comes to a close, it’s time to reflect on the year’s key insights brought to you by the Public Finance Platform of Verité Research.

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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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