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Sri Lanka Current Account Deficit Returns Amid Rising Oil Import Costs - LNW Lanka News Web
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Sri Lanka Current Account Deficit Returns Amid Rising Oil Import Costs - LNW Lanka News Web
By: Staff Writer May 19, Colombo (LNW): Sri Lanka is heading toward its first current account deficit in four years, a development that signals growing stress within the country’s external finances despite the post-crisis recovery seen since 2023. Senior Central Bank officials warned Parliament this week that rising global oil prices and increasing import expenditure are expected to push foreign currency outflows above inflows during 2026, placi…
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