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%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Government Revenue is expected to fell short by 13.4% from IMF Projections 16.9% from budget 2023

IMF & Sri LankaNov 14, 2023
Government Revenue is expected to fell short by 13.4% from IMF Projections 16.9% from budget 2023

Government revenue has usually been overestimated in most of the past years in the annual budgets. The estimated revenue for 2023 is 16.9% lower than the 2023 budget targets, while 13.4% lower than the IMF target.

Further, in the budget 2024, the government has estimated a total revenue of LKR 4.1 Trillion which is 8% lower than the IMF projection for 2024.

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