The Sri Lanka-IMF program targets a positive 2.3% primary deficit by 2025 as against 6% negative figure in 2021. Central Bank Governor Dr. Nandalal Weerasinghe said on...

January-April data show govt. Fx debt enlarged by 67% to Rs.10.9tn. The Sri Lankan rupee, which shed nearly 80 percent of its value, has sent the rupee value of the foreign currency-denominated debt of the government spiralling by significan...

The government revenue in the first half of 2022 jumped the most in recent times as Value Added Tax (VAT) and a slew of other taxes were raised effective from June as part of broader fiscal sector reforms to end or at least limit the monetar...

India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island's battered economy starts to stabilise after a preliminary loan agreem...