Sri Lanka top five SOEs lose Rs931bn amid monetary instability

Sri Lanka’s top five state enterprises have lost 931 billion rupees in the first four months of 2022, official data shows, with a collapse of a soft-peg due to aggressive open market operations of the central bank contributing to most losses.

Economy Next

2022-07-08

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Recap 2024 - 10 key insights by the Public Finance...

As 2024 comes to a close, it’s time to reflect on the year’s key insights brought to you by the Public Finance Platform of Verité Research.

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Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

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Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

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