Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

The pandemic has strained public finances across all country groups

InternationalOct 8, 2021
The pandemic has strained public finances across all country groups
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As per the recent Report published by IMF (Fiscal Monitor - Fair Shot) stats although fiscal support actions have been massive, especially in advanced economies, other factors especially output drops have largely driven the rise in public debt ratios during 2020–21. The longer the pandemic lasts, the greater the challenge is to public finances. Government deficits and debt have risen to unprecedented levels, given major fiscal support, along with a sharp fall in revenues caused by contractions in output.

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