Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka required to improve the government revenue substantially to get pass next few IMF reviews

IMF & Sri LankaOct 20, 2023
Sri Lanka required to improve the government revenue substantially to get pass next few IMF reviews

IMF is looking for a strong budget and a narrower deficit from Sri Lanka. It expects to have better strategies for financing the deficit. Further, it expects revenue to exceed 12% of GDP, which was 8.8% in 2022 and it may hit above 10% in 2023.

It further says, however, the country has struggled to increase public revenue, with the IMF projecting a 15% shortfall this year. Improved performance for next year is necessary for Sri Lanka to get past the first review of its program with the global lender.


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