Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.61%
12M T-Bill Rate10.99%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate11.70% / 11.80%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

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

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

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.