Sri Lanka Economy

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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Budget proposals need to be feasible; Nishan De Mel
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Taken from News1st Budget Proposals advertised in the budget are not implemented because they were not seen as feasible, Verité Research Economist, Nishan De Mel said. De Mel, highlighted the importance of budget proposals to be implemented with detailed estimates...
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Economist urges need for credible fiscal roadmap
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Taken from DailyMirror Sri Lanka would need to demonstrate the return to a credible fiscal path, a transition the country would have to make before the next debt repayment that is due mid this year by shoring up government revenue,...
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Need for prudent ministerial portfolio allocation urged for better public finance management
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Taken from DailyMirror As Sri Lanka is gearing up for a parliamentary election, economists are stressing on the need to allocate ministerial portfolios in a more prudent manner so that the public finance management, amongst other areas, does not get...
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Sri Lanka’s consumption could have recovered with smaller stimulus
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Taken from DailyMirror Successive governments have failed to come up with a citizens’ budget that entails the necessary insights for the public to understand the viability of the proposals made and to break this recurring inefficient cycle, economic think tank...
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Sri Lanka’s consumption could have recovered with smaller stimulus
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Taken from economynext Image courtesy DailyFT Sri Lanka could have achieved a revival in consumer demand with a smaller stimulus, as the country tends to go through a cyclical revival in the wake of shocks, an economist said, amid concerns...
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