Fiscal Balance in Sri Lanka

Sri Lanka Fiscal Balance | Economic News & Forecasts

Sri Lanka - Fiscal Balance

The country is recovering in the first quarter from the recent constitutional crisis, which likely dented growth in Q4 2018. Notably, the rupee appreciated against the dollar in recent weeks while tourism data suggests a rebound in hotel occupancy and bookings in January after a weak December. However, the government is scrambling to buffer its foreign reserves in order to meet repayment obligations of USD 5.9 billion of debt this year, USD 2.6 billion of which is due this quarter. On 15 February, an IMF delegation visited Colombo to discuss resuming its USD 1.5 billion loan program, while Central Bank officials are reportedly in talks with their Indian and Chinese counterparts to secure currency swaps and loans worth USD 1.5 billion each.

Sri Lanka - Fiscal Balance Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Sri Lanka Fiscal Balance Chart


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

Sri Lanka Facts

ValueChangeDate
Exchange Rate178.60.02 %Mar 11

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

    Search form