Fiscal Balance in Sri Lanka

Sri Lanka Fiscal Balance | Economic News & Forecasts

Sri Lanka - Fiscal Balance

The 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

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.2  -6.2  -7.0  -5.4  -5.5  

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Sri Lanka Fiscal Balance Chart


Sri Lanka Fiscal
Note: Fiscal balance as % of GDP
Source: IMF

Sri Lanka Facts

ValueChangeDate
Exchange Rate182.40.02 %Jan 16

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