Inflation ( CCPI)-0.8% (Oct 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.30%
12M T-Bill Rate9.78%
2Y T-Bond Rate10.25%/ 10.35%
4Y T-Bond Rate11.20% / 11.30%
USD/LKR290/291
Reserves $6.47Bn (Oct 2024)
Cum. Trade Deficit $4,218 Mn (Sep 2024 cumulative)
Cum. Fiscal DeficitLKR 910Bn (Aug 2024 cumulative)

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

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