Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

International

FeaturedFeb 19, 2024

Public spending on infrastructure can make a meaningful contribution to job creation-IMF

Under the stringent fiscal policy, Sri Lanka has reduced funding allocated to public investments. However, according to an IMF report, globally, allocating 1% of the GDP to public investment spending can generate over seven million jobs worldwide solely through direct employment effects.

The report highlights that public infrastructure investment tends to create more jobs in energy sectors in advanced economies and in water and sanitation sectors in low-income developing countries. These findings underscore the significant role that pu

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