Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate10.10%
12M T-Bill Rate10.27%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Growth of the Fiscal deficit fell marginally in first seven months compared with 2021

EconomicsNov 26, 2022
Growth of the Fiscal deficit fell marginally in first seven months compared with 2021

The government revenue improved by 37% for the first seven months compared with last year’s same period, while expenses also increased, but by a lesser phase of 16%. The fiscal deficit crossed LKR 1Trillion by July and it is a marginal drop from the last year.

The growth figure of the revenue is expected to reach LKR 2.1 trillion as per the budget estimate for 2022. The government expects to collect LKR 3.4 trillion of revenue in 2023.

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