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)

Sri Lanka spent less on electricity generation so far 2024 compared to 2022

EnergyFeb 23, 2024
Sri Lanka spent less on electricity generation so far 2024 compared to 2022

In the first quarter of 2022, Sri Lanka relied heavily on thermal power generation, primarily fueled by costly thermal oil, leading to a significant outflow of foreign currency.

Sri Lanka is experiencing lower hydroelectricity generation once again, similar to the situation in 2022. Fast forward to the first months of 2024, Sri Lanka finds itself in a comparable situation, yet with a reduced dependency on thermal oil compared to 2022.

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