Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts

Wednesday, February 13, 2013

Consolidating fiscal deficits crucial for Sri Lanka, says IMF;SL now need is life support, claims Harsha

 * Public debt and inflation high, tax revenue and exports on the decline
* Capital expenditure cut to contain budget deficit in 2012
 * Cost recovery  pricing for energy on government agenda

The International Monetary Fund (IMF) said that Sri Lanka would have to stick to budget deficit targets in order to bring down high levels of public debt, contain high inflation and put the economy on a much more sustainable growth trajectory and attract foreign direct investments to boost the balance of payments.