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Sri Lanka's economy at a crossroads: Fiscal improvement amid trade and demand woes
The Island
|May 05, 2025
Sri Lanka's fiscal health showed signs of improvement in early 2025, with the budget deficit narrowing to Rs. 86.6 billion in the first two months of the year, down from Rs. 129.3 billion in the same period last year. This was supported by a rise in government revenue and a decline in domestic borrowing, signaling cautious optimism in the country's economic recovery.
Net domestic financing dropped to Rs. 96.8 billion, a significant reduction from Rs. 144.8 billion in early 2024, while foreign debt repayments continued, albeit at a slower pace. The Treasury bill and bond markets remained stable, with strong investor interest auctions were oversubscribed by 2 to 3 times. Foreign holdings of government securities also saw a slight uptick, reflecting cautious confidence in Sri Lanka's debt instruments.
Denne historien er fra May 05, 2025-utgaven av The Island.
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