Sri Lanka is in line to receive an IMF disbursement of US$ 780 million on 23 August. This is because the IMF, due to the COVID-19 Pandemic, on Monday approved a general allocation of US$ 650 billion to its member countries. Based on Sri Lank...

Sri Lanka’s government is not in a position to provide “instant solutions” to the issue of teachers’ salary anomalies and instead hopes to present proposals that cover the gamut of the public service in the upcoming b...

The government is to implement a stringent fiscal measure of pruning welfare expenditure for the needy population owing to rising cost of public sector pensions and salary payments while cutting down unnecessary spending of state institution...

Although immediate debt repayment payments have been settled, the government will have to implement a medium and long term plan with clear policy derived by analysing all its aspects, a leading economist emphasised.