Sri Lanka surpasses IMF June fiscal targets with room to spare

Sri Lanka has beat key fiscal targets set in an International Monetary Fund program for June with room to spare amid strong tax revenues, including from vehicles, official data show. The primary balance of Sri Lanka’s central government budget was a surplus of 859 billion rupee, sharply higher than the 130 billion rupee target set in the currently applicable IMF …

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IMF warns of trade threats to SL’s growth

Sri Lanka’s economy is expected to grow by 3.5% this year, after recording 5% growth last year, according to the World Bank, showing signs of steady recovery from the 2022 financial crisis. However, the International Monetary Fund (IMF) warns that global trade issues, especially with the United States could slow down that progress. In a statement issued after completing its …

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