Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Upcoming rainy season would help SL to generate low cost electricity

EnergyOct 13, 2022
Upcoming rainy season would help SL to generate low cost electricity

Some parts of the country still experience little over two hours of power cuts during the day. The country has shut down the Sapugaskanda refinery and finds it difficult to resource much-needed foreign currency for costly thermal power generation.

The entire world is fighting against the rising cost of energy that has fueled high inflation.

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