Inflation ( CCPI)50.6% (Feb 2023)
GDP-12.4% (4Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate25.99%
12M T-Bill Rate24.31%
5Y T-Bond Rate27.00%/ 27.25%
10Y T-Bond Rate22.00% / 23.00%
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Reserves $2.22Bn (Feb 2023)
Cum. Trade Deficit $449Mn (Feb 2023)
Cum. Fiscal DeficitLKR 1,601Bn (Nov 2022)

Public Sector cadre fell in 2021 by 21,856 from 2020

SocialNov 25, 2022
Public Sector cadre fell in 2021 by 21,856 from 2020
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The government’s decision to suspend recruitment to the public sector and the announcement of the mandatory requirement of retirement at the age of 60 years were changed from time to time. The Public sector cadre fell in 2018 and 2021 marginally.

Some countries that had to adopt domestic debt restructuring due to financial crises had to freeze public sector wage bills during their debt restructuring process. Eg. Saint Kitts and Nevis debt restructuring


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