Fiscal Balance in Sri Lanka
Sri Lanka - Fiscal BalanceThe ongoing political crisis that erupted in October continues to disrupt the economy. While the rupee keeps sliding to record lows against the dollar, on 4 December S&P and Fitch downgraded Sri Lanka’s sovereign credit rating, echoing Moody’s 20 November decision, due to its high external debt, nosediving investor confidence and tumbling currency. Meanwhile, multiple international lenders such as the IMF and the U.S. have halted their aid and investment programs into the country, and travel advisories are dampening tourist bookings, boding poorly for the country’s incoming high season. On 13 December, the Supreme Court ruled that the November dissolution of parliament was illegal, paving the way for the reinstatement of Ranil Wickremesinghe as Prime Minister.
Sri Lanka - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.2||-6.2||-7.0||-5.4||-5.5|
5 years of economic forecasts for more than 30 economic indicators.
Sri Lanka Fiscal Balance Chart
Sri Lanka Facts
|Exchange Rate||182.4||0.02 %||Jan 16|
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