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#Inflation likely to increase in the short term, says PM #Wickremesinghe
#SriLankaCrisis LIVE:
#SriLankaEconomicCrisis #SriLanka
timesofindia.indiatimes.com/world/south-as…
#SriLankaCrisis LIVE:
#SriLankaEconomicCrisis #SriLanka
timesofindia.indiatimes.com/world/south-as…
At present, the #SriLankan economy is extremely precarious. Although the former government’s budget projected revenue of SLR 2.3 trillion, SLR 1.6 trillion is the realistic projection of this year’s revenue: PM of Sri Lanka #RanilWickremesinghe, in #Colombo
#Economy #SriLanka
#Economy #SriLanka
The estimated govt expenditure for this year is SLR 3.3 trillion. However, due to increase in interest rates & addl expenditure of ex-govt, total govt expenditure is SLR 4 trillion. Budget deficit for the yr is SLR 2.4 trillion. This amount equals 13% of the #GDP: PM of Sri Lanka
