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)

IMF expects growing fiscal deficit will weigh more on domestic finance

IMF & Sri LankaDec 13, 2023
IMF expects growing fiscal deficit will weigh more on domestic finance

The IMF staff report (Dec update) suggests the increase of fiscal deficit from LKR 2.4Tn (2023) to LKR 2.9Tn (2024) will be mainly financed from domestic sources. Interestingly, the dependency on external finance has been reduced from their earlier projection (1.1Tn to LKR 603Bn)

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