Fiscal Balance in Sri Lanka
Sri Lanka - Fiscal BalanceGrowth fell to a 17-year low in 2018 as the constitutional crisis that erupted in October paralyzed the country, hammering investor sentiment and the tourism sector. The slowdown in Q4 was broad-based, with a particularly sharp contraction in fixed investment. Turning to Q1 2019, growth likely rebounded as the crisis waned: The rupee has recovered since January; international backers resumed lending to the government; and earnings from tourism grew at a healthy pace in the quarter. In other news, parliament passed the 2019 budget on 5 April, which sets an ambitious target of reducing the fiscal deficit to 4.4% of GDP, in line with its current IMF loan agreement.
Sri Lanka - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.2||-6.2||-7.0||-5.4||-5.5|
5 years of economic forecasts for more than 30 economic indicators.
Sri Lanka Fiscal Balance Chart
Sri Lanka Facts
|Exchange Rate||176.7||0.02 %||May 13|
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