Posts Tagged ‘Economy’

Country’s foreign debt jumps by Rs. 626 bn due to depreciation

Tuesday, March 26th, 2019

By Saman Indrajith Courtesy The Island Sri Lanka’s total foreign debt burden had increased by over Rs 626 billion due to the depreciation of the rupee against the US dollar between January 2015 and November 2017, Parliament was told yesterday. State Minister of Finance Eran Wickramaratne revealed this in answer to a question posed by […]

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What Sri Lanka’s 2019 Budget Tells Us About Its Economic Health

Tuesday, March 26th, 2019

By Umesh Moramudali Courtesy The Diplomat In the aftermath of political turmoil, Sri Lanka’s government will be hard-pressed to manage debt and growth in 2019. Following one of the most dramatic political crises in the recent history of South Asia, Sri Lanka’s government budget for 2019 was approved by the majority of the parliament on March 12. […]

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