Fiscal Balance in Sri Lanka

Sri Lanka Fiscal Balance | Economic News & Forecasts

Sri Lanka - Fiscal Balance

Economic growth likely rebounded in Q1 from the 17-year low registered in Q4 2018, as the constitutional crisis subsided and international lenders resumed relations with the country. Tourism notably recovered, posting healthy visitor and earnings growth, while industrial production picked up, primarily due to strong growth in March. However, terrorist attacks on 21 April, which killed over 250 people, will have dealt a decisive blow to the nascent economic recovery. Since then, officials reported tourist arrivals have more than halved, while the manufacturing PMI hit an all-time low in April. Moreover, lower business confidence is poised to weigh on investment in the coming months, while a damaged tourism sector could deprive the country of critical foreign reserves inflows.

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

Exchange Rate176.70.02 %May 13

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