Economy SL

Govt. exceeds borrowing limits by Rs 120 bn
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Taken from - news1st COLOMBO (News1st) : The government has exceeded its legal borrowing limits for the first quarter of 2020 by Rs 120 billion, a Colombo-based think tank has said. The Vote on Account, passed in October last year,...
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Govt initiatives to reduce interest rates and boost economy
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Taken from - DailyNews The government was acting in a manner to boost the economy and to reduce interest rates said, Verite Research Economist Deshal De Mel. He warned that due to a large informal sector the impact of COVID...
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Economists debate over best response to fight COVID-19 while keeping economies less hurt
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Taken from - DailyMirror Two economists recently vacillated between the current suppression strategy practiced by the Sri Lankan government by way of curfews and lockdowns and a mitigation strategy practiced in some East Asian countries to see which offered the...
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People first, economy next, says top economist
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Taken from - DailyMirror By Shabiya Ali Ahlam As Sri Lanka is witnessing its economy coming to an almost stagnant state due to the unavoidable measures taken by the government to contain the coronavirus (COVID-19) outbreak, a leading economist in...
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