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Sri Lanka's budget aimed at strengthening economy and debt payment

Summary by Prensa Latina

Speaking at a forum in Colombo, President Anura Kumra Dissanayake said the government aims to use the three-year debt moratorium granted and implement proper economic management to restore payment capacity. He noted that while many countries in the world have taken decades to recover after facing bankruptcy, Sri Lanka is expected to achieve this in a significantly shorter period, he felt. Dissanayake noted that this year’s budget proposes to inc…

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Prensa Latina

Sri Lanka's budget aimed at strengthening economy and debt payment

3 days ago·Havana, Cuba

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srilankabrief.org

Sri Lanka's budget likely to lead to slower fiscal consolidation, Moody's says • Sri Lanka Brief

By Reuters, February 18, 2025. COLOMBO, Feb 18 (Reuters) – Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget. Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said on Monday while announcing the bud…

4 days ago

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