Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Hydro electricity generation deteriorate further

EnergyMar 4, 2023
Hydro electricity generation deteriorate further

It is found that the water level of the hydro reservoirs has fallen substantially, resulting in further decline of hydroelectricity generation. The contribution of coal has topped up 44%, and the thermal contribution is 23% and hydro 22%.

The crude oil (brent) prices have fallen from the level seen in 2022 (USD 122) but crude oil price has slightly up from the start of 2023 (USD 78) to USD 85 by the first week of March 2023.

Lower crude oil prices would help Sri Lanka to keep the import cost at a lower level compared to the level seen in 2022.


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