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Sri Lanka’s Fiscal Outlook 2020

The International Monterey Fund estimates that our budget deficit will cross 6 per cent in 2019 and projects it to be around 8 per cent in 2020. This is due to the fall in revenue estimates. This will result in, (1) A drop in Sri Lanka’s credit ratings; (2) Higher risks of refinancing the external debt repayments.

2020-03-16
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