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Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
Featured Insight
Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
Featured Insight
Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
Featured Insight
Summary: Budget 2024
The 2024 budget expects budget deficit for the year 2024 to increase by 19%.
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Sri Lanka to resume bondholder talks after IMF checks their latest proposal
Sri Lanka aims to resume talks with bondholders following the assessment of their latest proposal by the International Monetary Fund (IMF), according to State Minister for Finance Shehan Semasinghe. Initial face-to-face discussions in March led to exchanged proposals, y...
2024-04-18
Economy Next
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Electricity charges to go up by 75% from 8th August: PUCSL
The Public Utilities Commission of Sri Lanka (PUCSL) today granted permission to increase the electricity tariff by 75 % from tomorrow, PUCSL Chairman Janaka Rathnayake said.
2022-08-10
Daily Mirror
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Domestic debt restructure could stoke fresh banking crisis, expert warns
Sri Lanka could stoke another crisis if the authorities chose to restructure the rupee-denominated domestic debt, as it could have severe implications on the country’s banking sector, thereby endangering the entire financial system.
2022-08-09
Daily Mirror
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Energy Minister reveals the main reasons for CPC losses
Power and Energy Minister Kanchana Wijesekara in a Twitter message on August 5 said that there are multiple reasons for the CPC to operate under losses, with selling at subsidized rates, rupee depreciation, dues from government-owned institu...
2022-08-06
Economy Next
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Sri Lanka debt advisors looking at local debt: President
Sri Lanka’s debt advisors are looking at local debt as a re-structuring plan to negotiate with creditors is being developed as part of efforts to make the debt sustainable, President Ranil Wickremesinghe said.
2022-08-05
Economy Next
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